HB4970ham001 97TH GENERAL ASSEMBLY

Rep. Rosemary Mulligan

Filed: 2/29/2012

09700HB4970ham001 LRB097 14490 HLH 66470 a

AMENDMENT TO HOUSE BILL 4970

AMENDMENT NO. ______. Amend House Bill 4970 by replacing everything after the enacting clause with the following:

"Section 5. The State Finance Act is amended by adding Sections 5.811 and 6z-93 as follows:

(30 ILCS 105/5.811 new)

Sec. 5.811. The Veterans' Prosthesis Fund.

(30 ILCS 105/6z-93 new)

Sec. 6z-93. The Veterans' Prosthesis Fund; creation. The Veterans' Prosthesis Fund is created as a special fund in the State treasury. Moneys in the Fund shall be used by the Department of Veterans' Affairs for the purpose of making grants to Illinois veterans to update and replace the veteran's existing prosthesis. The Department shall adopt rules concerning eligibility for the grants. The Fund may receive moneys from the disabled veterans income tax checkoff created in Section 507AAA of the Illinois Income Tax Act, as well as public and private donations. All federal funds made available to the State for the purpose of aiding veterans in updating or replacing prostheses shall be deposited into the Veterans' Prosthesis Fund.

Section 10. The Illinois Income Tax Act is amended by adding Section 507AAA as follows:

(35 ILCS 5/507AAA new)

Sec. 507AAA. Disabled veterans checkoff. For taxable years ending on or after December 31, 2012, the Department shall print, on its standard individual income tax form, a provision indicating that, if the taxpayer wishes to contribute to funds established for the purpose of assisting disabled veterans and their families, as authorized by this amendatory Act of the 97th General Assembly, then he or she may do so by stating the amount of the contribution (not less than $1) on the return and indicating that the contribution will reduce the taxpayer's refund or increase the amount of payment to accompany the return. Of the moneys collected under this Section: one-third shall be deposited into the Veterans' Prosthesis Fund; one-third shall be deposited into the Illinois Military Family Relief Fund; and one-third shall be deposited into the Disabled Veterans Property Tax Relief Fund. The taxpayer's failure to remit any amount of the increased payment reduces the contribution accordingly. This Section does not apply to any amended return.

Section 99. Effective date. This Act takes effect upon becoming law.".