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| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB3250 Introduced , by Rep. Randy E. Frese - Daniel Swanson SYNOPSIS AS INTRODUCED:
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Amends the Illinois Income Tax Act. Creates an income tax checkoff for contributions to a qualified veterans home fund. Provides that "qualified veterans home fund" means any of the following: (i) the LaSalle Veterans Home Fund; (ii) the Anna Veterans Home Fund; (iii) the Manteno Veterans Home Fund; or (iv) the Quincy Veterans Home
Fund. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB3250 | | LRB101 07813 HLH 52864 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Income Tax Act is amended by adding |
| 5 | | Section 507JJJ as follows:
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| 6 | | (35 ILCS 5/507JJJ new) |
| 7 | | Sec. 507JJJ. Veterans homes checkoff. For taxable years |
| 8 | | ending on or after December 31, 2019, the Department must print |
| 9 | | on its standard individual income tax form a provision (i) |
| 10 | | indicating that if the taxpayer wishes to contribute to a |
| 11 | | qualified veterans home fund, as authorized by this amendatory |
| 12 | | Act of the 101st General Assembly, he or she may do so by |
| 13 | | stating the amount of the contribution (not less than $1) on |
| 14 | | the return and (ii) stating that the contribution will reduce |
| 15 | | the taxpayer's refund or increase the amount of payment to |
| 16 | | accompany the return. The provision shall list each qualified |
| 17 | | veterans home fund and shall allow the taxpayer to designate |
| 18 | | one or more of those funds for his or her contribution. Failure |
| 19 | | to remit any amount of increased payment shall reduce the |
| 20 | | contribution accordingly. This Section does not apply to any |
| 21 | | amended return. |
| 22 | | As used in this Section "qualified veterans home fund" |
| 23 | | means any of the following: |