Revenue Committee
Filed: 4/19/2007
 
 

 




 

 		












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AMENDMENT TO HOUSE BILL 1263 




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    AMENDMENT NO. ______. Amend House Bill 1263 as follows:

 
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on page 2, line 15, by changing "Section 507OO" to "Sections 
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507OO and 509.1"; and
 
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on page 4, immediately below line 24, by inserting the 
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following:
 
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    "(35 ILCS 5/509.1  new)
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    Sec. 509.1. Removal of excess tax-checkoff funds. 
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Notwithstanding any provisions of this Act to the contrary, 
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beginning on the effective date of this amendatory Act of the 
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95th General Assembly, there may not be more than 15 
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tax-checkoff funds contained on the individual tax return form 
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at any one time. Each year, the Department shall determine 
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whether the sum of (i) the number of new tax-checkoff funds 
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created by the General Assembly during that year plus (ii) the 
 


 






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