Bill Text: IL HB5831 | 2009-2010 | 96th General Assembly | Introduced
Bill Title: Amends the Illinois Income Tax Act. Creates a tax checkoff for the Homeless Veterans Fund. Amends the State Finance Act to create the Fund. Provides that moneys in the Fund may be used by the Department of Commerce and Economic Opportunity for the purpose of making grants to not-for-profit organizations that assist homeless veterans throughout the State. Effective immediately.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee [HB5831 Detail]
Download: Illinois-2009-HB5831-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 State Finance Act is amended by adding | ||||||||||||||||||||||||||||
| 5 | Sections 5.756 and 6z-82 as follows:
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| 6 | (30 ILCS 105/5.756 new) | ||||||||||||||||||||||||||||
| 7 | Sec. 5.756. The Homeless Veterans Fund.
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| 8 | (30 ILCS 105/6z-82 new) | ||||||||||||||||||||||||||||
| 9 | Sec. 6z-82. The Homeless Veterans Fund; creation. The | ||||||||||||||||||||||||||||
| 10 | Homeless Veterans Fund is created as a special fund in the | ||||||||||||||||||||||||||||
| 11 | State treasury. Subject to appropriation, moneys in the Fund | ||||||||||||||||||||||||||||
| 12 | shall be used by the Department of Commerce and Economic | ||||||||||||||||||||||||||||
| 13 | Opportunity for the purpose of making grants to not-for-profit | ||||||||||||||||||||||||||||
| 14 | organizations that assist homeless veterans throughout the | ||||||||||||||||||||||||||||
| 15 | State.
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| 16 | Section 10. The Illinois Income Tax Act is amended by | ||||||||||||||||||||||||||||
| 17 | adding Section 507UU as follows:
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| 18 | (35 ILCS 5/507UU new) | ||||||||||||||||||||||||||||
| 19 | Sec. 507UU. Homeless Veterans Fund checkoff. For taxable
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| 20 | years ending on or after December 31, 2010, the Department must
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| 1 | print on its standard individual income tax form a provision
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| 2 | indicating that if the taxpayer wishes to contribute to the
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| 3 | Homeless Veterans Fund, as authorized by this amendatory Act of
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| 4 | the 96th General Assembly, he or she may do so by stating the
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| 5 | amount of the contribution (not less than $1) on the return and
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| 6 | that the contribution will reduce the taxpayer's refund or
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| 7 | increase the amount of payment to accompany the return. Failure
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| 8 | to remit any amount of increased payment shall reduce the
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| 9 | contribution accordingly. This Section does not apply to any
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| 10 | amended return.
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| 11 | Section 99. Effective date. This Act takes effect upon | ||||||
| 12 | becoming law.
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