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1 | | (c) If, on October 1 of any year, the total contributions |
2 | | to any one of the
funds made under this Article 5 do not equal |
3 | | $100,000 or more, the explanations
and spaces for designating |
4 | | contributions to the fund shall be removed from the
individual |
5 | | income tax return forms for the following and all subsequent |
6 | | years
and all subsequent contributions to the fund shall be |
7 | | refunded to the taxpayer. This contribution requirement does |
8 | | not apply to the Diabetes Research Checkoff Fund checkoff |
9 | | contained in Section 507GG of this Act.
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10 | | (d) Notwithstanding any other provision of law, the |
11 | | Department shall include the Hunger Relief Fund checkoff |
12 | | established under Section 507SS on the individual income tax |
13 | | form for the taxable year beginning on January 1, 2012. If, on |
14 | | October 1, 2013, or on October 1 of any subsequent year, the |
15 | | total contributions to the Hunger Relief Fund checkoff do not |
16 | | equal $100,000 or more, the explanations
and spaces for |
17 | | designating contributions to the fund shall be removed from the
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18 | | individual income tax return forms for the following and all |
19 | | subsequent years
and all subsequent contributions to the fund |
20 | | shall be refunded to the taxpayer. |
21 | | (e) Notwithstanding any other provision of law, the |
22 | | Department shall include the Veterans' Homes Fund checkoff |
23 | | established under Section 507DD on the individual income tax |
24 | | form for the 2014 tax year. However, except as otherwise |
25 | | provided in this subsection, the Fund is subject to the |
26 | | $100,000 contribution requirement set forth in subsection (c) |
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1 | | for the 2015 tax year and each tax year thereafter. If, in any |
2 | | taxable year in which the Veterans' Homes Fund checkoff appears |
3 | | on the individual income tax form, the General Assembly enacts |
4 | | legislation creating a new income tax checkoff solely for the |
5 | | benefit of veterans, the Department shall include the Veterans' |
6 | | Homes Fund checkoff established under Section 507DD on the |
7 | | individual income tax form for each subsequent taxable year, |
8 | | and the contribution requirement set forth in subsection (c) |
9 | | does not apply to that Veterans' Homes Fund checkoff. |
10 | | (Source: P.A. 96-328, eff. 8-11-09; 97-1117, eff. 8-27-12.)
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11 | | (35 ILCS 5/509.1) |
12 | | Sec. 509.1. Removal of excess tax-checkoff funds. |
13 | | Notwithstanding any provisions of this Act to the contrary, |
14 | | beginning on the effective date of this amendatory Act of the |
15 | | 95th General Assembly, there may not be more than 15 |
16 | | tax-checkoff funds contained on the individual tax return form |
17 | | at any one time. Each year, the Department shall determine |
18 | | whether the sum of (i) the number of new tax-checkoff funds |
19 | | created by the General Assembly during that year plus (ii) the |
20 | | number of tax-checkoff funds that collected at least $100,000 |
21 | | during the previous year exceeds 15. If so, then the Department |
22 | | shall remove a number of tax-checkoff funds that were on the |
23 | | return during the previous year that is equal to the sum of |
24 | | items (i) and (ii) minus 15, starting with the tax-checkoff |
25 | | fund that received the least amount of contributions and |
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1 | | working upward until a sufficient number of funds have been |
2 | | removed. The Hunger Relief Fund checkoff established under |
3 | | Section 507SS shall be included among the 15 tax-checkoff funds |
4 | | as provided in subsection (d) of Section 509 of this Act.
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5 | | For taxable years ending on or after December 31, 2012, the |
6 | | Diabetes Research Checkoff Fund checkoff contained in Section |
7 | | 507GG of this Act shall be included on the individual tax |
8 | | return form notwithstanding the provisions of this Section. The |
9 | | Diabetes Research Checkoff Fund checkoff shall not be included |
10 | | when calculating the 15 tax-checkoff fund limitation set forth |
11 | | in this Section. |
12 | | For the 2014 tax year only, the Veterans' Homes Fund |
13 | | checkoff established under Section 507DD shall not be included |
14 | | when calculating the 15 tax-checkoff fund limitation set forth |
15 | | in this Section. If in any subsequent taxable year the |
16 | | Department is required to include the Veterans' Homes Fund |
17 | | checkoff on the individual income tax form because the General |
18 | | Assembly has enacted legislation creating a new income tax |
19 | | checkoff solely for the benefit of veterans, then the Veterans' |
20 | | Homes Fund checkoff established under Section 507DD shall not |
21 | | be included when calculating the 15 tax-checkoff fund |
22 | | limitation set forth in this Section. |
23 | | (Source: P.A. 97-1117, eff. 8-27-12.)
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24 | | Section 99. Effective date. This Act takes effect upon |
25 | | becoming law.".
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