92nd General Assembly
Summary of SB0208
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House Sponsors:

Short description: 
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.             
   Effective immediately.                                                      
Last action on Bill: PUBLIC ACT.............................. 92-0198

   Last action date: AUG-01-2001

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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