INC TAX CHECKOFF-KOREAN WAR
Synopsis of Bill as introduced:
Amends the Illinois Income Tax Act and the State Finance Act.
Provides for an Illinois income tax checkoff, for taxable years ending
on or after December 31, 2001, by which Illinois taxpayers may
contribute to the Korean War Veterans National Museum and Library Fund
by indicating the amount of the contribution (not less than $1) on
their Illinois tax returns. Provides that the amount indicated by the
taxpayer will correspondingly decrease any refund or increase the
amount of any payment to be made with the return. Provides that the
failure to remit an increased payment shall reduce the contribution
accordingly and that the checkoff contribution procedure shall not
apply to an amended return. Creates the Korean War Veterans National
Museum and Library Fund as a special fund in the State treasury.
Amends the Department of Veteran Affairs Act. Authorizes the Depart-
ment to make grants from the Fund to private organizations for the
benefit of the Korean War Veterans National Museum and Library.
Last action on Bill: PUBLIC ACT.............................. 92-0198
Last action date: AUG-01-2001
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status