093_HB0091eng

 
HB0091 Engrossed                     LRB093 02194 SJM 02201 b

 1        AN ACT concerning taxes.

 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 2e as follows:

 6        (20 ILCS 2805/2e new)
 7        Sec. 2e.  The World War  II  Illinois  Veterans  Memorial
 8    Fund.   There is created in  the State treasury the World War
 9    II Illinois Veterans Memorial Fund.  The Department must make
10    grants from the Fund for the construction of a World  War  II
11    Illinois Veterans Memorial in Springfield, Illinois.

12        Section  10.   The  Illinois Income Tax Act is amended by
13    changing Sections 509 and 510 and by adding Section  507Y  as
14    follows:

15        (35 ILCS 5/507Y new)
16        Sec.  507Y.  World War II Illinois Veterans Memorial Fund
17    checkoff.  Beginning with taxable years ending  on  or  after
18    December 31, 2003, the Department shall print on its standard
19    individual income tax form a provision indicating that if the
20    taxpayer  wishes  to  contribute to the World War II Illinois
21    Veterans Memorial Fund, as authorized by this amendatory  Act
22    of  the 93rd General Assembly, he or she may do so by stating
23    the amount of the contribution (not  less  than  $1)  on  the
24    return  and  that the contribution will reduce the taxpayer's
25    refund or increase the amount of  payment  to  accompany  the
26    return.    Failure  to  remit any amount of increased payment
27    shall reduce  the  contribution  accordingly.   This  Section
28    shall not apply to any amended return.
29        The Department shall clearly state in its instructions to
 
HB0091 Engrossed            -2-      LRB093 02194 SJM 02201 b
 1    taxpayers  and  shall  make  it  clear on the tax return form
 2    itself that money  donated  to  the  World  War  II  Illinois
 3    Veterans  Memorial  Fund  will  go  to  fund  a  World War II
 4    memorial  to  Illinois  Veterans  located   in   Springfield,
 5    Illinois  and  will  not go to the World War II Memorial Fund
 6    created  to  fund  a  national  World  War  II  memorial   in
 7    Washington, D.C.

 8        (35 ILCS 5/509) (from Ch. 120, par. 5-509)
 9        Sec.  509.  Tax  checkoff  explanations.   All individual
10    income   tax   return   forms   shall   contain   appropriate
11    explanations and spaces to enable the taxpayers to  designate
12    contributions  to  the  following  funds:    the  Child Abuse
13    Prevention Fund, to the Illinois Wildlife  Preservation  Fund
14    (as  required  by  the  Illinois Non-Game Wildlife Protection
15    Act), to the Alzheimer's Disease Research Fund  (as  required
16    by  the  Alzheimer's Disease Research Act), to the Assistance
17    to the Homeless Fund (as required by this Act), to the  Penny
18    Severns  Breast  and  Cervical  Cancer  Research Fund, to the
19    National World War II Memorial Fund, to the  Prostate  Cancer
20    Research  Fund,  the  Multiple Sclerosis Assistance Fund, the
21    World War II Illinois Veterans  Memorial  Fund,  and  to  the
22    Korean War Veterans National Museum and Library Fund.
23        Each   form   shall   contain   a   statement   that  the
24    contributions will reduce the taxpayer's refund  or  increase
25    the  amount  of  payment to accompany the return.  Failure to
26    remit any  amount  of  increased  payment  shall  reduce  the
27    contribution accordingly.
28        If,  on October 1 of any year, the total contributions to
29    any one of the funds made under this  Section  do  not  equal
30    $100,000 or more, the explanations and spaces for designating
31    contributions   to   the  fund  shall  be  removed  from  the
32    individual income tax return forms for the following and  all
33    subsequent years and all subsequent contributions to the fund
 
HB0091 Engrossed            -3-      LRB093 02194 SJM 02201 b
 1    shall be refunded to the taxpayer.
 2    (Source: P.A.  91-104,  eff.  7-13-99;  91-107, eff. 7-13-99;
 3    91-357, eff.  7-29-99;  91-833,  eff.  1-1-01;  91-836,  eff.
 4    1-1-01; 92-84, eff. 7-1-02; 92-198, eff. 8-1-01; 92-651, eff.
 5    7-11-02; 92-772, eff. 8-6-02; revised 1-2-03.)

 6        (35 ILCS 5/510) (from Ch. 120, par. 5-510)
 7        Sec.  510.  Determination  of  amounts  contributed.  The
 8    Department shall determine the total  amount  contributed  to
 9    each  of  the following: the Child Abuse Prevention Fund, the
10    Illinois Wildlife Preservation Fund, the  Assistance  to  the
11    Homeless  Fund,  the  Alzheimer's  Disease Research Fund, the
12    Penny Severns Breast and Cervical Cancer Research  Fund,  the
13    National  World  War  II  Memorial  Fund, the Prostate Cancer
14    Research Fund, the Multiple Sclerosis  Assistance  Fund,  the
15    World  War II Illinois Veterans Memorial Fund, and the Korean
16    War Veterans National Museum  and  Library  Fund;  and  shall
17    notify  the  State Comptroller and the State Treasurer of the
18    amounts to be transferred from the General  Revenue  Fund  to
19    each  fund,  and  upon receipt of such notification the State
20    Treasurer and Comptroller shall transfer the amounts.
21    (Source: P.A. 91-104, eff.  7-13-99;  91-107,  eff.  7-13-99;
22    91-833, eff. 1-1-01; 91-836, eff. 1-1-01; 92-84, eff. 7-1-02;
23    92-198,  eff.  8-1-01;  92-651,  eff.  7-11-02;  92-772, eff.
24    8-6-02.)

25        Section 15.  The State Finance Act is amended  by  adding
26    Section 5.595 as follows:

27        (30 ILCS 105/5.595 new)
28        Sec.  5.595.  The World War II Illinois Veterans Memorial
29    Fund.

30        Section 99.  Effective date.  This Act takes effect  upon
 
HB0091 Engrossed            -4-      LRB093 02194 SJM 02201 b
 1    becoming law.