|
|
|
|
94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB4949
Introduced 1/19/2006, by Rep. Wyvetter H. Younge SYNOPSIS AS INTRODUCED:
|
|
20 ILCS 2805/2h new |
|
30 ILCS 105/5.663 new |
|
35 ILCS 5/507MM new |
|
35 ILCS 5/509 |
from Ch. 120, par. 5-509 |
35 ILCS 5/510 |
from Ch. 120, par. 5-510 |
|
Amends the Department of Veterans Affairs Act and the State Finance Act. Creates the O'Fallon Veterans' Monument Fund as a special fund in the State Treasury. Provides that, from appropriations from the Fund, the Department of Veterans Affairs must make grants to the City of O'Fallon for the purpose of constructing a veterans' monument. Amends the Illinois Income Tax Act to create a tax checkoff for the Fund. Effective immediately.
|
| |
|
|
| FISCAL NOTE ACT MAY APPLY | |
|
|
|
A BILL FOR
|
|
|
|
|
HB4949 |
|
LRB094 19068 BDD 54570 b |
|
|
| 1 |
| AN ACT concerning revenue.
|
| 2 |
| Be it enacted by the People of the State of Illinois,
|
| 3 |
| represented in the General Assembly:
|
| 4 |
| Section 5. The Department of Veterans Affairs Act is |
| 5 |
| amended by adding Section 2h as follows:
|
| 6 |
| (20 ILCS 2805/2h new) |
| 7 |
| Sec. 2h. The O'Fallon Veterans' Monument Fund; grants. The |
| 8 |
| O'Fallon Veterans' Monument Fund is created as a special fund |
| 9 |
| in the State Treasury. From appropriations from the Fund, the |
| 10 |
| Department must make grants to the City of O'Fallon for the |
| 11 |
| purpose of constructing a veterans' monument. |
| 12 |
| Moneys received for the purposes of this Section, |
| 13 |
| including, without limitation, income tax checkoff receipts |
| 14 |
| and gifts, grants, and awards from any public or private |
| 15 |
| entity, must be deposited into the Fund. Any interest earned on |
| 16 |
| moneys in the Fund must be deposited into the Fund.
|
| 17 |
| Section 10. The State Finance Act is amended by adding |
| 18 |
| Section
5.663 as follows:
|
| 19 |
| (30 ILCS 105/5.663 new)
|
| 20 |
| Sec. 5.663. The O'Fallon Veterans' Monument Fund.
|
| 21 |
| Section 15. The Illinois Income Tax Act is amended by |
| 22 |
| changing Sections 509 and 510 and by adding Section 507MM as |
| 23 |
| follows:
|
| 24 |
| (35 ILCS 5/507MM new)
|
| 25 |
| Sec. 507MM. The O'Fallon Veterans' Monument checkoff. For
|
| 26 |
| taxable years ending on or after December 31, 2006, the
|
| 27 |
| Department must print on its standard individual income tax
|
| 28 |
| form a provision indicating that if the taxpayer wishes to
|
|
|
|
HB4949 |
- 2 - |
LRB094 19068 BDD 54570 b |
|
|
| 1 |
| contribute to the O'Fallon Veterans' Monument Fund, as |
| 2 |
| authorized
by this amendatory Act of the 94th General Assembly, |
| 3 |
| he or she
may do so by stating the amount of the contribution |
| 4 |
| (not less
than $1) on the return and that the contribution will |
| 5 |
| reduce the taxpayer's refund or increase the amount of payment |
| 6 |
| to
accompany the return. Failure to remit any amount of |
| 7 |
| increased payment shall reduce the contribution accordingly. |
| 8 |
| This Section does not apply to any amended return.
|
| 9 |
| (35 ILCS 5/509) (from Ch. 120, par. 5-509)
|
| 10 |
| Sec. 509. Tax checkoff explanations. All individual income |
| 11 |
| tax return forms
shall contain appropriate explanations and |
| 12 |
| spaces to enable the taxpayers to
designate contributions to |
| 13 |
| the following funds:
the Child Abuse Prevention Fund,
the |
| 14 |
| Illinois Wildlife Preservation Fund (as required by the |
| 15 |
| Illinois
Non-Game Wildlife Protection Act),
the Alzheimer's |
| 16 |
| Disease Research Fund (as required by the Alzheimer's
Disease |
| 17 |
| Research Act),
the Assistance to the Homeless Fund (as required |
| 18 |
| by this Act),
the Penny Severns Breast and Cervical Cancer |
| 19 |
| Research Fund,
the National World War II Memorial Fund,
the |
| 20 |
| Prostate Cancer Research Fund,
the Lou Gehrig's Disease (ALS) |
| 21 |
| Research Fund,
the Multiple Sclerosis Assistance Fund,
the |
| 22 |
| Sarcoidosis Research Fund, the Leukemia Treatment and |
| 23 |
| Education Fund,
the World War II Illinois Veterans Memorial |
| 24 |
| Fund,
the Korean War Veterans National Museum and Library Fund, |
| 25 |
| the O'Fallon Veterans' Monument Fund,
the Illinois Military |
| 26 |
| Family Relief Fund,
the Blindness Prevention Fund, the Illinois |
| 27 |
| Veterans' Homes Fund, the Epilepsy Treatment and Education |
| 28 |
| Grants-in-Aid Fund, the Diabetes Research Checkoff Fund, the |
| 29 |
| Vince Demuzio Memorial Colon Cancer Fund, the Autism Research |
| 30 |
| Fund, the Asthma and Lung Research Fund, and the Illinois Brain |
| 31 |
| Tumor Research Fund.
|
| 32 |
| Each form shall contain a statement that the contributions |
| 33 |
| will reduce the
taxpayer's refund or increase the amount of |
| 34 |
| payment to accompany the return.
Failure to remit any amount of |
| 35 |
| increased payment shall reduce the contribution
accordingly.
|
|
|
|
HB4949 |
- 3 - |
LRB094 19068 BDD 54570 b |
|
|
| 1 |
| If, on October 1 of any year, the total contributions to |
| 2 |
| any one of the
funds made under this Section do not equal |
| 3 |
| $100,000 or more, the explanations
and spaces for designating |
| 4 |
| contributions to the fund shall be removed from the
individual |
| 5 |
| income tax return forms for the following and all subsequent |
| 6 |
| years
and all subsequent contributions to the fund shall be |
| 7 |
| refunded to the taxpayer.
|
| 8 |
| (Source: P.A. 93-36, eff. 6-24-03; 93-131, eff. 7-10-03; |
| 9 |
| 93-292, eff. 7-22-03; 93-324, eff. 7-23-03; 93-776, eff. |
| 10 |
| 7-21-04; 94-73, eff. 6-23-05; 94-107, eff. 7-1-05; 94-141, eff. |
| 11 |
| 1-1-06; 94-142, eff. 1-1-06; 94-442, eff. 8-4-05; 94-602, eff. |
| 12 |
| 8-16-05; 94-649, eff. 8-22-05; revised 8-29-05.)
|
| 13 |
| (35 ILCS 5/510) (from Ch. 120, par. 5-510)
|
| 14 |
| Sec. 510. Determination of amounts contributed. The |
| 15 |
| Department shall
determine the total amount contributed to each |
| 16 |
| of the following:
the Child Abuse Prevention Fund,
the Illinois |
| 17 |
| Wildlife Preservation Fund,
the Assistance to the Homeless |
| 18 |
| Fund,
the Alzheimer's Disease Research Fund,
the Penny Severns |
| 19 |
| Breast and Cervical Cancer Research Fund,
the National World |
| 20 |
| War II Memorial Fund,
the Prostate Cancer Research Fund,
the |
| 21 |
| Illinois Military Family Relief Fund,
the Lou Gehrig's Disease |
| 22 |
| (ALS) Research Fund,
the Multiple Sclerosis Assistance Fund,
|
| 23 |
| the Sarcoidosis Research Fund, the Leukemia Treatment and |
| 24 |
| Education Fund,
the World War II Illinois Veterans Memorial |
| 25 |
| Fund,
the Korean War Veterans National Museum and Library Fund, |
| 26 |
| the Illinois Veterans' Homes Fund, the O'Fallon Veterans' |
| 27 |
| Monument Fund, the Epilepsy Treatment and Education |
| 28 |
| Grants-in-Aid Fund,
the Diabetes Research Checkoff Fund, the |
| 29 |
| Vince Demuzio Memorial Colon Cancer Fund, the Autism Research |
| 30 |
| Fund, the Blindness Prevention Fund, the Asthma and Lung |
| 31 |
| Research Fund, and the Illinois Brain Tumor Research Fund;
and |
| 32 |
| shall notify the State Comptroller and the State Treasurer of |
| 33 |
| the amounts
to be transferred from the General Revenue Fund to |
| 34 |
| each fund, and upon receipt
of such notification the State |
| 35 |
| Treasurer and Comptroller shall transfer the
amounts.
|
|
|
|
HB4949 |
- 4 - |
LRB094 19068 BDD 54570 b |
|
|
| 1 |
| (Source: P.A. 93-36, eff. 6-24-03; 93-131, eff. 7-10-03; |
| 2 |
| 93-292, eff. 7-22-03; 93-324, eff. 7-23-03; 93-776, eff. |
| 3 |
| 7-21-04; 94-73, eff. 6-23-05; 94-107, eff. 7-1-05; 94-141, eff. |
| 4 |
| 1-1-06; 94-142, eff. 1-1-06; 94-442, eff. 8-4-05; 94-602, eff. |
| 5 |
| 8-16-05; 94-649, eff. 8-22-05; revised 8-29-05.)
|
| 6 |
| Section 99. Effective date. This Act takes effect upon |
| 7 |
| becoming law.
|