SB2010sam001 98TH GENERAL ASSEMBLY

Sen. William E. Brady

Filed: 5/1/2014

 

 


 

 


 
09800SB2010sam001LRB098 06504 HLH 58953 a

1
AMENDMENT TO SENATE BILL 2010

2    AMENDMENT NO. ______. Amend Senate Bill 2010 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Illinois Income Tax Act is amended by
5adding Section 507DDD as follows:
 
6    (35 ILCS 5/507DDD new)
7    Sec. 507DDD. President Barack Obama Presidential Library
8and Museum checkoff. For taxable years ending on or after
9December 31, 2014, the Department must print on its standard
10individual income tax form a provision (i) indicating that if
11the taxpayer wishes to contribute to the Capital Development
12Fund for the purposes of constructing a presidential library
13and museum dedicated to the legacy of President Barack Obama,
14as authorized by this amendatory Act of the 98th General
15Assembly, he or she may do so by stating the amount of the
16contribution (not less than $1) on the return and (ii) stating

 

 

09800SB2010sam001- 2 -LRB098 06504 HLH 58953 a

1that the contribution will reduce the taxpayer's refund or
2increase the amount of payment to accompany the return. Failure
3to remit any amount of increased payment shall reduce the
4contribution accordingly. Notwithstanding any other provision
5of law, moneys deposited into the Capital Development Fund from
6contributions under this Section shall be used only for the
7purposes of constructing a presidential library and museum
8dedicated to the legacy of President Barack Obama, including
9the repayment of bonded indebtedness incurred for those
10purposes. This Section does not apply to any amended return.
 
11    Section 99. Effective date. This Act takes effect upon
12becoming law.".