97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1282

 

Introduced 02/08/11, by Rep. LaShawn K. Ford

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 105/5.786 new
30 ILCS 105/6z-87 new
35 ILCS 5/507YY new

    Amends the Illinois Income Tax Act. Creates a tax checkoff for the After-School Rescue Fund. Amends the State Finance Act to create the Fund. Provides that moneys in the Fund may be used by the Illinois State Board of Education for the making of grants to at-risk schools for the promotion of extracurricular and after-school programs. Effective immediately.


LRB097 06544 HLH 46628 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB1282LRB097 06544 HLH 46628 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 State Finance Act is amended by adding
5Sections 5.786 and 6z-87 as follows:
 
6    (30 ILCS 105/5.786 new)
7    Sec. 5.786. The After-School Rescue Fund.
 
8    (30 ILCS 105/6z-87 new)
9    Sec. 6z-87. After-School Rescue Fund; creation. The
10After-School Rescue Fund is created as a special fund in the
11State treasury. Moneys in the Fund shall be used by the
12Illinois State Board of Education for the making of grants to
13at-risk schools for the promotion of extracurricular and
14after-school programs.
 
15    Section 10. The Illinois Income Tax Act is amended by
16adding Section 507YY as follows:
 
17    (35 ILCS 5/507YY new)
18    Sec. 507YY. After-School Rescue Fund checkoff. For taxable
19years ending on or after December 31, 2011, the Department must
20print on its standard individual income tax form a provision

 

 

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1(i) indicating that if the taxpayer wishes to contribute to the
2After-School Rescue Fund, as authorized by this amendatory Act
3of the 97th General Assembly, he or she may do so by stating
4the amount of the contribution (not less than $1) on the return
5and (ii) stating that the contribution will reduce the
6taxpayer's refund or increase the amount of payment to
7accompany the return. Failure to remit any amount of increased
8payment shall reduce the contribution accordingly. This
9Section does not apply to any amended return.
 
10    Section 99. Effective date. This Act takes effect upon
11becoming law.