Bill Text: IL SB0520 | 2015-2016 | 99th General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning tax checkoff explanations.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2016-05-29 - Referred to Rules Committee [SB0520 Detail]
Download: Illinois-2015-SB0520-Introduced.html
Bill Title: Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning tax checkoff explanations.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2016-05-29 - Referred to Rules Committee [SB0520 Detail]
Download: Illinois-2015-SB0520-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 | |||||||||||||||||||
5 | changing Section 509 as follows:
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6 | (35 ILCS 5/509) (from Ch. 120, par. 5-509)
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7 | Sec. 509. Tax checkoff explanations.
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8 | (a) All individual income tax return forms
shall contain | |||||||||||||||||||
9 | appropriate explanations and
and spaces to enable the taxpayers | |||||||||||||||||||
10 | to
designate contributions to the funds to which contributions | |||||||||||||||||||
11 | may be made under this Article 5. | |||||||||||||||||||
12 | (b) Each form shall contain a statement that the | |||||||||||||||||||
13 | contributions will reduce the
taxpayer's refund or increase the | |||||||||||||||||||
14 | amount of payment to accompany the return.
Failure to remit any | |||||||||||||||||||
15 | amount of increased payment shall reduce the contribution
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16 | accordingly.
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17 | (c) If, on October 1 of any year, the total contributions | |||||||||||||||||||
18 | to any one of the
funds made under this Article 5 do not equal | |||||||||||||||||||
19 | $100,000 or more, the explanations
and spaces for designating | |||||||||||||||||||
20 | contributions to the fund shall be removed from the
individual | |||||||||||||||||||
21 | income tax return forms for the following and all subsequent | |||||||||||||||||||
22 | years
and all subsequent contributions to the fund shall be | |||||||||||||||||||
23 | refunded to the taxpayer. This contribution requirement does |
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1 | not apply to the Diabetes Research Checkoff Fund checkoff | ||||||
2 | contained in Section 507GG of this Act.
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3 | (d) Notwithstanding any other provision of law, the | ||||||
4 | Department shall include the Hunger Relief Fund checkoff | ||||||
5 | established under Section 507SS on the individual income tax | ||||||
6 | form for the taxable year beginning on January 1, 2012. If, on | ||||||
7 | October 1, 2013, or on October 1 of any subsequent year, the | ||||||
8 | total contributions to the Hunger Relief Fund checkoff do not | ||||||
9 | equal $100,000 or more, the explanations
and spaces for | ||||||
10 | designating contributions to the fund shall be removed from the
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11 | individual income tax return forms for the following and all | ||||||
12 | subsequent years
and all subsequent contributions to the fund | ||||||
13 | shall be refunded to the taxpayer. | ||||||
14 | (Source: P.A. 96-328, eff. 8-11-09; 97-1117, eff. 8-27-12.)
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