97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB0428

 

Introduced 2/8/2011, by Sen. John J. Cullerton

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/509  from Ch. 120, par. 5-509

    Amends the Illinois Income Tax Act. Makes a technical change and a revisory change in a Section concerning tax checkoff explanations.


LRB097 04157 HLH 44196 b

 

 

A BILL FOR

 

SB0428LRB097 04157 HLH 44196 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Income Tax Act is amended by
5changing Section 509 as follows:
 
6    (35 ILCS 5/509)  (from Ch. 120, par. 5-509)
7    Sec. 509. Tax checkoff explanations. All individual income
8tax return forms shall contain appropriate explanations and and
9spaces to enable the taxpayers to designate contributions to
10the funds to which contributions may be made under this Article
115.
12    Each form shall contain a statement that the contributions
13will reduce the taxpayer's refund or increase the amount of
14payment to accompany the return. Failure to remit any amount of
15increased payment shall reduce the contribution accordingly.
16    If, on October 1 of any year, the total contributions to
17any one of the funds made under this Article 5 do not equal
18$100,000 or more, the explanations and spaces for designating
19contributions to the fund shall be removed from the individual
20income tax return forms for the following and all subsequent
21years and all subsequent contributions to the fund shall be
22refunded to the taxpayer.
23(Source: P.A. 95-331, eff. 8-21-07; 95-434, eff. 8-27-07;

 

 

SB0428- 2 -LRB097 04157 HLH 44196 b

195-435, eff. 8-27-07; 95-940, eff. 8-29-08; 96-328, eff.
28-11-09.)