Revenue Committee

Filed: 4/19/2007

 

 


 

 


 
09500HB1263ham001 LRB095 09714 BDD 34944 a

1
AMENDMENT TO HOUSE BILL 1263

2     AMENDMENT NO. ______. Amend House Bill 1263 as follows:
 
3 on page 2, line 15, by changing "Section 507OO" to "Sections
4 507OO and 509.1"; and
 
5 on page 4, immediately below line 24, by inserting the
6 following:
 
7     "(35 ILCS 5/509.1 new)
8     Sec. 509.1. Removal of excess tax-checkoff funds.
9 Notwithstanding any provisions of this Act to the contrary,
10 beginning on the effective date of this amendatory Act of the
11 95th General Assembly, there may not be more than 15
12 tax-checkoff funds contained on the individual tax return form
13 at any one time. Each year, the Department shall determine
14 whether the sum of (i) the number of new tax-checkoff funds
15 created by the General Assembly during that year plus (ii) the

 

 

09500HB1263ham001 - 2 - LRB095 09714 BDD 34944 a

1 number of tax-checkoff funds that collected at least $100,000
2 during the previous year exceeds 15. If so, then the Department
3 shall remove a number of tax checkoff funds that were on the
4 return during the previous year that is equal to the sum of
5 items (i) and (ii) minus 15, starting with the tax
6 checkoff-fund that received the least amount of contributions
7 and working upward until a sufficient number of funds have been
8 removed.".