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HB4434 |
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LRB096 12184 HLH 24630 b |
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| Sec. 6z-76. "I Want to Pay More" Fund; creation. The "I |
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| Want to Pay More" Fund is created as a special fund in the |
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| State treasury. The Fund may receive moneys from gifts, grants, |
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| contributions, and other sources. On the first day of each |
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| month, the State Treasurer and the State Comptroller shall |
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| transfer all moneys remaining in the "I Want to Pay More" Fund |
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| to the General Revenue Fund. |
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| Section 15. The Illinois Income Tax Act is amended by |
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| adding Section 507SS as follows: |
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| (35 ILCS 5/507SS new) |
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| Sec. 507SS. The "I Want to Pay More" checkoff. For taxable |
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| years ending on or after December 31, 2009, the Department |
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| shall print, on its standard individual income tax form, a |
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| provision indicating that, if the taxpayer wishes to make an |
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| additional voluntary contribution to the "I Want to Pay More" |
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| Fund, then he or she may do so by stating the amount of the |
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| contribution (not less than $1) on the return and indicating |
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| that the contribution will reduce the taxpayer's refund or |
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| increase the amount of payment to accompany the return. The |
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| taxpayer's failure to remit any amount of the increased payment |
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| reduces the contribution accordingly.
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law.
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