101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB5420
 
Introduced , by Rep. Randy E. Frese - Daniel Swanson - Grant Wehrli - Avery Bourne - Amy Grant, et al.
 
SYNOPSIS AS INTRODUCED:
 

 
35 ILCS 5/507JJJ new

     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.
  


LRB101 19547 HLH 69021 b

FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB5420LRB101 19547 HLH 69021 b


  
1    AN ACT concerning revenue.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Illinois Income Tax Act is amended  by adding 
5Section 507JJJ as follows:
 
6    (35 ILCS 5/507JJJ new)
7    Sec. 507JJJ. Veterans homes checkoff.  For taxable years 
8ending on or after December 31, 2020, the Department must print 
9on its standard individual income tax form a provision (i) 
10indicating that if the taxpayer wishes to contribute to a 
11qualified veterans home fund, as authorized by this amendatory 
12Act of the 101st General Assembly, he or she may do so by 
13stating the amount of the contribution (not less than $1) on 
14the return and (ii) stating that the contribution will reduce 
15the taxpayer's refund or increase the amount of payment to 
16accompany the return. The provision shall list each qualified 
17veterans home fund and shall allow the taxpayer to designate 
18one or more of those funds for his or her contribution. Failure 
19to remit any amount of increased payment shall reduce the 
20contribution accordingly. This Section does not apply to any 
21amended return.
22    As used in this Section "qualified veterans home fund" 
23means any of the following: 
 
 
HB5420- 2 -LRB101 19547 HLH 69021 b

1        (1) the LaSalle Veterans Home Fund; 
2        (2) the Anna Veterans Home Fund; 
3        (3) the Manteno Veterans Home Fund; or 
4        (4) the Quincy Veterans Home
Fund. 
 
 
5    Section 99. Effective date. This Act takes effect upon 
6becoming law.