96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB4434


 
Introduced 4/6/2009, by Rep. Timothy L. Schmitz
 
SYNOPSIS AS INTRODUCED:
 		













20 ILCS 2505/2505-755 new






30 ILCS 105/5.721 new






30 ILCS 105/6z-76 new






35 ILCS 5/507SS new










    Amends the State Finance Act.  Creates the "I Want to Pay More" Fund.  Provides that, on the first day of each month, the State Treasurer and the State Comptroller shall transfer all moneys remaining in the "I Want to Pay More" Fund to the General Revenue Fund.  Provides that the Department of Revenue shall oversee the Fund.  Amends the Illinois Income Tax Act.  Creates an income tax checkoff for voluntary contributions to the "I Want to Pay More" Fund.  Effective immediately.  
















LRB096 12184 HLH 24630 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB4434

LRB096 12184 HLH 24630 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 Department of Revenue Law of the
Civil 
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Administrative Code of Illinois is amended  by adding Section 
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2505-755 as follows:
 
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    (20 ILCS 2505/2505-755  new)
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    Sec. 2505-755. The "I Want to Pay More" Fund; oversight.  
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The Department shall oversee the "I Want to Pay More" Fund.  On 
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or before January 31 of each year, the Department shall report 
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to the Governor and the General Assembly the amount of money 
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that has been received by the Fund during the previous calendar 
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year.  The Department shall also develop, by administrative 
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rule, a program to inform the public about the existence of the 
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"I Want to Pay More" Fund.
 
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    Section 10. The State Finance Act is amended  by adding 
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Sections 5.721 and 6z-76 as follows:
 
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    (30 ILCS 105/5.721 new)

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    Sec. 5.721. The "I Want to Pay More" Fund.
 
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    (30 ILCS 105/6z-76  new)
 


 






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.