SB3148 EngrossedLRB097 17223 HLH 62423 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 10. The Illinois Income Tax Act is amended by
5changing Sections 509 and 509.1 as follows:
 
6    (35 ILCS 5/509)  (from Ch. 120, par. 5-509)
7    Sec. 509. Tax checkoff explanations.
8    (a) All individual income tax return forms shall contain
9appropriate explanations and spaces to enable the taxpayers to
10designate contributions to the funds to which contributions may
11be made under this Article 5.
12    (b) Each form shall contain a statement that the
13contributions will reduce the taxpayer's refund or increase the
14amount of payment to accompany the return. Failure to remit any
15amount of increased payment shall reduce the contribution
16accordingly.
17    (c) If, on October 1 of any year, the total contributions
18to any one of the funds made under this Article 5 do not equal
19$100,000 or more, the explanations and spaces for designating
20contributions to the fund shall be removed from the individual
21income tax return forms for the following and all subsequent
22years and all subsequent contributions to the fund shall be
23refunded to the taxpayer.

 

 

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1    (d) Notwithstanding any other provision of law, the
2Department shall include the Habitat for Humanity Fund checkoff
3established under Section 507VV on the individual income tax
4form for the taxable year beginning on January 1, 2012. If, on
5October 1, 2013, or on October 1 of any subsequent year, the
6total contributions to the Habitat for Humanity Fund checkoff
7do not equal $100,000 or more, the explanations and spaces for
8designating contributions to the fund shall be removed from the
9individual income tax return forms for the following and all
10subsequent years and all subsequent contributions to the fund
11shall be refunded to the taxpayer.
12(Source: P.A. 95-331, eff. 8-21-07; 95-434, eff. 8-27-07;
1395-435, eff. 8-27-07; 95-940, eff. 8-29-08; 96-328, eff.
148-11-09.)
 
15    (35 ILCS 5/509.1)
16    Sec. 509.1. Removal of excess tax-checkoff funds.
17Notwithstanding any provisions of this Act to the contrary,
18beginning on the effective date of this amendatory Act of the
1995th General Assembly, there may not be more than 15
20tax-checkoff funds contained on the individual tax return form
21at any one time. Each year, the Department shall determine
22whether the sum of (i) the number of new tax-checkoff funds
23created by the General Assembly during that year plus (ii) the
24number of tax-checkoff funds that collected at least $100,000
25during the previous year exceeds 15. If so, then the Department

 

 

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1shall remove a number of tax-checkoff funds that were on the
2return during the previous year that is equal to the sum of
3items (i) and (ii) minus 15, starting with the tax-checkoff
4fund that received the least amount of contributions and
5working upward until a sufficient number of funds have been
6removed. The Habitat for Humanity Fund checkoff established
7under Section 507VV shall be included among the 15 tax-checkoff
8funds as provided in subsection (d) of Section 509 of this Act.
9(Source: P.A. 95-435, eff. 8-27-07.)
 
10    Section 99. Effective date. This Act takes effect upon
11becoming law.