Full Text of HB4374 94th General Assembly
HB4374 94TH GENERAL ASSEMBLY
|
|
|
94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006 HB4374
Introduced 1/4/2006, by Rep. Terry R. Parke SYNOPSIS AS INTRODUCED: |
|
35 ILCS 5/507L |
|
35 ILCS 5/509 |
from Ch. 120, par. 5-509 |
35 ILCS 5/510 |
from Ch. 120, par. 5-510 |
|
Amends the Illinois Income Tax Act. Exempts the Penny Severns Breast, Cervical, and Ovarian Cancer Research Fund from the requirement that a tax checkoff be removed from the income tax return form if the contributions to the checkoff fund are less than $100,000. Makes technical changes concerning the name of the Fund. Effective immediately.
|
| |
|
|
| FISCAL NOTE ACT MAY APPLY | |
|
|
A BILL FOR
|
|
|
|
|
HB4374 |
|
LRB094 16115 BDD 51354 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 Illinois Income Tax Act is amended by | 5 |
| changing Sections 507L, 509, and 510 as follows:
| 6 |
| (35 ILCS 5/507L)
| 7 |
| Sec. 507L. Penny Severns Breast and Cervical Cancer | 8 |
| Research Fund
checkoff. Beginning
with taxable years ending on | 9 |
| December 31, 1999, the Department
shall print on
its standard | 10 |
| individual income tax form a provision indicating that if the
| 11 |
| taxpayer wishes to contribute to the Penny Severns Breast ,
and | 12 |
| Cervical , and Ovarian
Cancer Research Fund
as authorized by | 13 |
| this amendatory Act of the 91st General Assembly, he or she may | 14 |
| do so by stating
the amount of the contribution (not less than | 15 |
| $1) on the return and that the
contribution will reduce the | 16 |
| taxpayer's refund or increase the amount of the
payment to | 17 |
| accompany the return. Failure to remit any amount of increased
| 18 |
| payment shall reduce the contribution accordingly. This | 19 |
| Section shall not
apply to an amended return.
| 20 |
| (Source: P.A. 91-107, eff. 7-13-99.)
| 21 |
| (35 ILCS 5/509) (from Ch. 120, par. 5-509)
| 22 |
| Sec. 509. Tax checkoff explanations. | 23 |
| (a) All individual income tax return forms
shall contain | 24 |
| appropriate explanations and spaces to enable the taxpayers to
| 25 |
| designate contributions to the following funds:
the Child Abuse | 26 |
| Prevention Fund,
the Illinois Wildlife Preservation Fund (as | 27 |
| required by the Illinois
Non-Game Wildlife Protection Act),
the | 28 |
| Alzheimer's Disease Research Fund (as required by the | 29 |
| Alzheimer's
Disease Research Act),
the Assistance to the | 30 |
| Homeless Fund (as required by this Act),
the Penny Severns | 31 |
| Breast ,
and Cervical , and Ovarian Cancer Research Fund,
the |
|
|
|
HB4374 |
- 2 - |
LRB094 16115 BDD 51354 b |
|
| 1 |
| National World War II Memorial Fund,
the Prostate Cancer | 2 |
| Research Fund,
the Lou Gehrig's Disease (ALS) Research Fund,
| 3 |
| the Multiple Sclerosis Assistance Fund,
the Sarcoidosis | 4 |
| Research Fund, the Leukemia Treatment and Education Fund,
the | 5 |
| World War II Illinois Veterans Memorial Fund,
the Korean War | 6 |
| Veterans National Museum and Library Fund,
the Illinois | 7 |
| Military Family Relief Fund,
the Blindness Prevention Fund, the | 8 |
| Illinois Veterans' Homes Fund, the Epilepsy Treatment and | 9 |
| Education Grants-in-Aid Fund, the Diabetes Research Checkoff | 10 |
| Fund, the Vince Demuzio Memorial Colon Cancer Fund, the Autism | 11 |
| Research Fund, the Asthma and Lung Research Fund, and the | 12 |
| Illinois Brain Tumor Research Fund.
| 13 |
| Each form shall contain a statement that the contributions | 14 |
| will reduce the
taxpayer's refund or increase the amount of | 15 |
| payment to accompany the return.
Failure to remit any amount of | 16 |
| increased payment shall reduce the contribution
accordingly.
| 17 |
| (b) If, on October 1 of any year, the total contributions | 18 |
| to any one of the
funds made under this Section do not equal | 19 |
| $100,000 or more, the explanations
and spaces for designating | 20 |
| contributions to the fund shall be removed from the
individual | 21 |
| income tax return forms for the following and all subsequent | 22 |
| years
and all subsequent contributions to the fund shall be | 23 |
| refunded to the taxpayer. This subsection (b) does not apply to | 24 |
| the Penny Severns Breast, Cervical, and Ovarian Cancer Research | 25 |
| Fund.
| 26 |
| (Source: P.A. 93-36, eff. 6-24-03; 93-131, eff. 7-10-03; | 27 |
| 93-292, eff. 7-22-03; 93-324, eff. 7-23-03; 93-776, eff. | 28 |
| 7-21-04; 94-73, eff. 6-23-05; 94-107, eff. 7-1-05; 94-141, eff. | 29 |
| 1-1-06; 94-142, eff. 1-1-06; 94-442, eff. 8-4-05; 94-602, eff. | 30 |
| 8-16-05; 94-649, eff. 8-22-05; revised 8-29-05.)
| 31 |
| (35 ILCS 5/510) (from Ch. 120, par. 5-510)
| 32 |
| Sec. 510. Determination of amounts contributed. The | 33 |
| Department shall
determine the total amount contributed to each | 34 |
| of the following:
the Child Abuse Prevention Fund,
the Illinois | 35 |
| Wildlife Preservation Fund,
the Assistance to the Homeless |
|
|
|
HB4374 |
- 3 - |
LRB094 16115 BDD 51354 b |
|
| 1 |
| Fund,
the Alzheimer's Disease Research Fund,
the Penny Severns | 2 |
| Breast ,
and Cervical , and Ovarian Cancer Research Fund,
the | 3 |
| National World War II Memorial Fund,
the Prostate Cancer | 4 |
| Research Fund,
the Illinois Military Family Relief Fund,
the | 5 |
| Lou Gehrig's Disease (ALS) Research Fund,
the Multiple | 6 |
| Sclerosis Assistance Fund,
the Sarcoidosis Research Fund, the | 7 |
| Leukemia Treatment and Education Fund,
the World War II | 8 |
| Illinois Veterans Memorial Fund,
the Korean War Veterans | 9 |
| National Museum and Library Fund, the Illinois Veterans' Homes | 10 |
| Fund, the Epilepsy Treatment and Education Grants-in-Aid Fund,
| 11 |
| the Diabetes Research Checkoff Fund, the Vince Demuzio Memorial | 12 |
| Colon Cancer Fund, the Autism Research Fund, the Blindness | 13 |
| Prevention Fund, the Asthma and Lung Research Fund, and the | 14 |
| Illinois Brain Tumor Research Fund;
and shall notify the State | 15 |
| Comptroller and the State Treasurer of the amounts
to be | 16 |
| transferred from the General Revenue Fund to each fund, and | 17 |
| upon receipt
of such notification the State Treasurer and | 18 |
| Comptroller shall transfer the
amounts.
| 19 |
| (Source: P.A. 93-36, eff. 6-24-03; 93-131, eff. 7-10-03; | 20 |
| 93-292, eff. 7-22-03; 93-324, eff. 7-23-03; 93-776, eff. | 21 |
| 7-21-04; 94-73, eff. 6-23-05; 94-107, eff. 7-1-05; 94-141, eff. | 22 |
| 1-1-06; 94-142, eff. 1-1-06; 94-442, eff. 8-4-05; 94-602, eff. | 23 |
| 8-16-05; 94-649, eff. 8-22-05; revised 8-29-05.)
| 24 |
| Section 99. Effective date. This Act takes effect upon | 25 |
| becoming law.
|
|