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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB5347 Introduced 2/15/2012, by Rep. Bill Mitchell SYNOPSIS AS INTRODUCED:
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Amends the Illinois Income Tax Act. Provides that the Department of Revenue must print on its standard individual income tax form a provision that allows taxpayers to contribute to the General Revenue Fund. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB5347 | | LRB097 15515 HLH 60638 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Income Tax Act is amended by adding |
| 5 | | Section 507AAA as follows:
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| 6 | | (35 ILCS 5/507AAA new) |
| 7 | | Sec. 507AAA. General Revenue Fund donations. For taxable |
| 8 | | years ending on or after December 31, 2012, the Department must |
| 9 | | print on its standard individual income tax form a provision |
| 10 | | (i) indicating that if the taxpayer wishes to contribute to the |
| 11 | | General Revenue Fund, as authorized by this amendatory Act of |
| 12 | | the 97th General Assembly, he or she may do so by stating the |
| 13 | | amount of the contribution (not less than $1) on the return and |
| 14 | | (ii) stating that the contribution will reduce the taxpayer's |
| 15 | | refund or increase the amount of payment to accompany the |
| 16 | | return. Failure to remit any amount of increased payment shall |
| 17 | | reduce the contribution accordingly. This Section does not |
| 18 | | apply to any amended return. |
| 19 | | This provision shall not be considered an income tax |
| 20 | | checkoff for purposes of Section 509.1 of this Act and shall be |
| 21 | | included on the standard individual income tax form regardless |
| 22 | | of the amount of contributions received by the Fund in the |
| 23 | | previous taxable year.
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