HB3568 100TH GENERAL ASSEMBLY

LRB100 10226 HLH 20409 b

100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3568

Introduced , by Rep. Cynthia Soto

SYNOPSIS AS INTRODUCED:

30 ILCS 105/5.878 new
30 ILCS 105/6z-102 new
35 ILCS 5/507GGG new

Amends the Illinois Income Tax Act. Creates an income tax checkoff for the Alzheimer's Research Tax Checkoff Fund. Amends the State Finance Act to create the Fund. Provides that moneys in the Fund shall be used by the Department on Aging for the purpose of making grants to associations and entities that conduct research concerning Alzheimer's disease, provide services to individuals and families impacted by Alzheimer's disease, or both. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning revenue.

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

Section 5. The State Finance Act is amended by adding Sections 5.878 and 6z-102 as follows:

(30 ILCS 105/5.878 new)

Sec. 5.878. The Alzheimer's Research Tax Checkoff Fund.

(30 ILCS 105/6z-102 new)

Sec. 6z-102. The Alzheimer's Research Tax Checkoff Fund; creation. The Alzheimer's Association Research Tax Checkoff Fund is created as a special fund in the State treasury. Moneys in the Fund shall be used by the Department on Aging for the purpose of making grants to associations and entities that conduct research concerning Alzheimer's disease, provide services to individuals and families impacted by Alzheimer's disease, or both.

Section 10. The Illinois Income Tax Act is amended by adding Section 507GGG as follows:

(35 ILCS 5/507GGG new)

Sec. 507GGG. Alzheimer's checkoff. For taxable years ending on or after December 31, 2017, the Department must print on its standard individual income tax form a provision (i) indicating that if the taxpayer wishes to contribute to the Alzheimer's Research Tax Checkoff Fund, as authorized by this amendatory Act of the 100th General Assembly, he or she may do so by stating the amount of the contribution (not less than $1) on the return and (ii) stating that the contribution will reduce the taxpayer's refund or increase the amount of payment to accompany the return. Failure to remit any amount of increased payment shall reduce the contribution accordingly. This Section does not apply to any amended return.

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