HB4168 96TH GENERAL ASSEMBLY

LRB096 11743 HLH 22499 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB4168

Introduced 2/27/2009, by Rep. Gary Hannig

SYNOPSIS AS INTRODUCED:

35 ILCS 5/507SS new
30 ILCS 105/5.719 new
30 ILCS 105/6z-76 new

Amends the State Finance Act. Creates the Illinois Route 66 Fund as a special fund in the State treasury. Provides that, from appropriations to the Department of Commerce and Economic Opportunity from the Fund, the Department shall make grants to not-for-profit corporations that have a statewide impact on Illinois Route 66. Amends the Illinois Income Tax Act. Creates a tax checkoff for the Illinois Route 66 Fund and to create the Fund. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning finance.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Income Tax Act is amended by adding Section 507SS as follows:

(35 ILCS 5/507SS new)

Sec. 507SS. The Illinois Route 66 checkoff. For taxable years ending on or after December 31, 2009, the Department shall print, on its standard individual income tax form, a provision indicating that, if the taxpayer wishes to contribute to the Illinois Route 66 Fund, as authorized by this amendatory Act of the 96th General Assembly, then he or she may do so by stating the amount of the contribution (not less than $1) on the return and indicating that the contribution will reduce the taxpayer's refund or increase the amount of payment to accompany the return. The taxpayer's failure to remit any amount of the increased payment reduces the contribution accordingly. This Section does not apply to any amended return.

Section 10. The State Finance Act is amended by adding Sections 5.719 and 6z-76 as follows:

(30 ILCS 105/5.719 new)

Sec. 5.719. The Illinois Route 66 Fund.

(30 ILCS 105/6z-76 new)

Sec. 6z-76. Illinois Route 66 Fund. The Illinois Route 66 Fund is created as a special fund in the State treasury. Subject to appropriation, the Fund shall be used by the Department of Commerce and Economic Opportunity to make grants to not-for-profit corporations that have a statewide impact on Illinois Route 66 and that maintain, improve, or repair Historic Route 66 in Illinois. Grant moneys may be used for tourism promotion, matching grant funds, project development and implementation, grants to units of local government, and rehabilitation of historic structures.

Section 99. Effective date. This Act takes effect upon becoming law.