HB1263ham001 95TH GENERAL ASSEMBLY

Revenue Committee

Filed: 4/19/2007

09500HB1263ham001 LRB095 09714 BDD 34944 a

AMENDMENT TO HOUSE BILL 1263

AMENDMENT NO. ______. Amend House Bill 1263 as follows:

on page 2, line 15, by changing "Section 507OO" to "Sections 507OO and 509.1"; and

on page 4, immediately below line 24, by inserting the following:

"(35 ILCS 5/509.1 new)

Sec. 509.1. Removal of excess tax-checkoff funds. Notwithstanding any provisions of this Act to the contrary, beginning on the effective date of this amendatory Act of the 95th General Assembly, there may not be more than 15 tax-checkoff funds contained on the individual tax return form at any one time. Each year, the Department shall determine whether the sum of (i) the number of new tax-checkoff funds created by the General Assembly during that year plus (ii) the number of tax-checkoff funds that collected at least $100,000 during the previous year exceeds 15. If so, then the Department shall remove a number of tax checkoff funds that were on the return during the previous year that is equal to the sum of items (i) and (ii) minus 15, starting with the tax checkoff-fund that received the least amount of contributions and working upward until a sufficient number of funds have been removed.".