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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB1525
Introduced 2/18/2009, by Rep. Michael J. Madigan - Barbara Flynn Currie - John E. Bradley SYNOPSIS AS INTRODUCED:
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35 ILCS 5/509 |
from Ch. 120, par. 5-509 |
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Amends the Illinois Income Tax Act. Makes a technical change and a revisory change in a Section concerning tax checkoff explanations.
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A BILL FOR
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HB1525 |
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LRB096 05059 RCE 15125 b |
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| AN ACT concerning revenue.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Income Tax Act is amended by |
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| changing Section 509 as follows:
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| (35 ILCS 5/509) (from Ch. 120, par. 5-509)
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| Sec. 509. Tax checkoff explanations. All individual income |
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| tax return forms
shall contain appropriate explanations and and |
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| spaces to enable the taxpayers to
designate contributions to |
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| the funds to which contributions may be made under this Article |
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| 5. the Healthy Smiles Fund,
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| Each form shall contain a statement that the contributions |
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| will reduce the
taxpayer's refund or increase the amount of |
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| payment to accompany the return.
Failure to remit any amount of |
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| increased payment shall reduce the contribution
accordingly.
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| If, on October 1 of any year, the total contributions to |
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| any one of the
funds made under this Article 5 do not equal |
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| $100,000 or more, the explanations
and spaces for designating |
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| contributions to the fund shall be removed from the
individual |
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| income tax return forms for the following and all subsequent |
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| years
and all subsequent contributions to the fund shall be |
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| refunded to the taxpayer.
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| (Source: P.A. 94-73, eff. 6-23-05; 94-107, eff. 7-1-05; 94-141, |