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.


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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

 

 

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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.

 

 

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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.

 

 

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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.