Bill Text: IL SB3320 | 2011-2012 | 97th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Illinois Income Tax Act. Provides that any fund that received less than $100,000 but more than $90,000 by October 1, 2011 shall also be included on the individual income tax form for the taxable year beginning on January 1, 2012. Provides that, if a fund that received less than $100,000 but more than $90,000 by October 1, 2011 does not receive at least $100,000 in contributions by October 1, 2013, or by October 1 of any subsequent year, then the fund shall be removed from the individual income tax return forms for each year following the year in which the fund did not receive at least $100,000, and all subsequent contributions to the fund shall be refunded to the taxpayer. Effective immediately.
Spectrum: Partisan Bill (Democrat 16-0)
Status: (Passed) 2012-08-27 - Public Act . . . . . . . . . 97-1117 [SB3320 Detail]
Download: Illinois-2011-SB3320-Amended.html
Bill Title: Amends the Illinois Income Tax Act. Provides that any fund that received less than $100,000 but more than $90,000 by October 1, 2011 shall also be included on the individual income tax form for the taxable year beginning on January 1, 2012. Provides that, if a fund that received less than $100,000 but more than $90,000 by October 1, 2011 does not receive at least $100,000 in contributions by October 1, 2013, or by October 1 of any subsequent year, then the fund shall be removed from the individual income tax return forms for each year following the year in which the fund did not receive at least $100,000, and all subsequent contributions to the fund shall be refunded to the taxpayer. Effective immediately.
Spectrum: Partisan Bill (Democrat 16-0)
Status: (Passed) 2012-08-27 - Public Act . . . . . . . . . 97-1117 [SB3320 Detail]
Download: Illinois-2011-SB3320-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 3320
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 3320, AS AMENDED, | ||||||
| 3 | by removing Section 5 from the bill; and
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| 4 | in Section 25, in the Section heading, by replacing "507BBB, | ||||||
| 5 | 507CCCC, and 507DDD" with "507BBB, and 507CCC"; and
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| 6 | in Section 25, by deleting Sec. 507DDD.
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