Bill Text: IL HB5347 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Illinois Income Tax Act. Provides that the Department of Revenue must print on its standard individual income tax form a provision that allows taxpayers to contribute to the General Revenue Fund. Effective immediately.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2013-01-08 - Session Sine Die [HB5347 Detail]
Download: Illinois-2011-HB5347-Introduced.html
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| 1 | AN ACT concerning revenue.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Income Tax Act is amended by adding | ||||||||||||||||||||||||
| 5 | Section 507AAA as follows:
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| 6 | (35 ILCS 5/507AAA new) | ||||||||||||||||||||||||
| 7 | Sec. 507AAA. General Revenue Fund donations. For taxable | ||||||||||||||||||||||||
| 8 | years ending on or after December 31, 2012, the Department must | ||||||||||||||||||||||||
| 9 | print on its standard individual income tax form a provision | ||||||||||||||||||||||||
| 10 | (i) indicating that if the taxpayer wishes to contribute to the | ||||||||||||||||||||||||
| 11 | General Revenue Fund, as authorized by this amendatory Act of | ||||||||||||||||||||||||
| 12 | the 97th General Assembly, he or she may do so by stating the | ||||||||||||||||||||||||
| 13 | amount of the contribution (not less than $1) on the return and | ||||||||||||||||||||||||
| 14 | (ii) stating that the contribution will reduce the taxpayer's | ||||||||||||||||||||||||
| 15 | refund or increase the amount of payment to accompany the | ||||||||||||||||||||||||
| 16 | return. Failure to remit any amount of increased payment shall | ||||||||||||||||||||||||
| 17 | reduce the contribution accordingly. This Section does not | ||||||||||||||||||||||||
| 18 | apply to any amended return. | ||||||||||||||||||||||||
| 19 | This provision shall not be considered an income tax | ||||||||||||||||||||||||
| 20 | checkoff for purposes of Section 509.1 of this Act and shall be | ||||||||||||||||||||||||
| 21 | included on the standard individual income tax form regardless | ||||||||||||||||||||||||
| 22 | of the amount of contributions received by the Fund in the | ||||||||||||||||||||||||
| 23 | previous taxable year.
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| 1 | Section 99. Effective date. This Act takes effect upon | ||||||
| 2 | becoming law.
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