Full Text of HB4949 94th General Assembly
HB4949eng 94TH GENERAL ASSEMBLY
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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 Veterans Affairs Act is | 5 |
| amended by adding Section 2h as follows: | 6 |
| (20 ILCS 2805/2h new) | 7 |
| Sec. 2h. The O'Fallon Veterans' Monument Fund; grants. The | 8 |
| O'Fallon Veterans' Monument Fund is created as a special fund | 9 |
| in the State Treasury. From appropriations from the Fund, the | 10 |
| Department must make grants to the City of O'Fallon for the | 11 |
| purpose of constructing a veterans' monument. | 12 |
| Moneys received for the purposes of this Section, | 13 |
| including, without limitation, income tax checkoff receipts | 14 |
| and gifts, grants, and awards from any public or private | 15 |
| entity, must be deposited into the Fund. Any interest earned on | 16 |
| moneys in the Fund must be deposited into the Fund. | 17 |
| Section 10. The State Finance Act is amended by adding | 18 |
| Section
5.663 as follows:
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| (30 ILCS 105/5.663 new)
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| Sec. 5.663. The O'Fallon Veterans' Monument Fund.
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| Section 15. The Illinois Income Tax Act is amended by | 22 |
| changing Sections 509 and 510 and by adding Section 507MM as | 23 |
| follows: | 24 |
| (35 ILCS 5/507MM new)
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| Sec. 507MM. The O'Fallon Veterans' Monument checkoff. For
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| taxable years ending on or after December 31, 2006, the
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| Department must print on its standard individual income tax
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| form a provision indicating that if the taxpayer wishes to
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| contribute to the O'Fallon Veterans' Monument Fund, as | 2 |
| authorized
by this amendatory Act of the 94th General Assembly, | 3 |
| he or she
may do so by stating the amount of the contribution | 4 |
| (not less
than $1) on the return and that the contribution will | 5 |
| reduce the taxpayer's refund or increase the amount of payment | 6 |
| to
accompany the return. Failure to remit any amount of | 7 |
| increased payment shall reduce the contribution accordingly. | 8 |
| This Section does not apply to any amended return.
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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 | 11 |
| tax return forms
shall contain appropriate explanations and | 12 |
| spaces to enable the taxpayers to
designate contributions to | 13 |
| the following funds:
the Child Abuse Prevention Fund,
the | 14 |
| Illinois Wildlife Preservation Fund (as required by the | 15 |
| Illinois
Non-Game Wildlife Protection Act),
the Alzheimer's | 16 |
| Disease Research Fund (as required by the Alzheimer's
Disease | 17 |
| Research Act),
the Assistance to the Homeless Fund (as required | 18 |
| by this Act),
the Penny Severns Breast and Cervical Cancer | 19 |
| Research Fund,
the National World War II Memorial Fund,
the | 20 |
| Prostate Cancer Research Fund,
the Lou Gehrig's Disease (ALS) | 21 |
| Research Fund,
the Multiple Sclerosis Assistance Fund,
the | 22 |
| Sarcoidosis Research Fund, the Leukemia Treatment and | 23 |
| Education Fund,
the World War II Illinois Veterans Memorial | 24 |
| Fund,
the Korean War Veterans National Museum and Library Fund, | 25 |
| the O'Fallon Veterans' Monument Fund,
the Illinois Military | 26 |
| Family Relief Fund,
the Blindness Prevention Fund, the Illinois | 27 |
| Veterans' Homes Fund, the Epilepsy Treatment and Education | 28 |
| Grants-in-Aid Fund, the Diabetes Research Checkoff Fund, the | 29 |
| Vince Demuzio Memorial Colon Cancer Fund, the Autism Research | 30 |
| Fund, the Asthma and Lung Research Fund, and the Illinois Brain | 31 |
| Tumor Research Fund.
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| Each form shall contain a statement that the contributions | 33 |
| will reduce the
taxpayer's refund or increase the amount of | 34 |
| payment to accompany the return.
Failure to remit any amount of | 35 |
| increased payment shall reduce the contribution
accordingly.
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| If, on October 1 of any year, the total contributions to | 2 |
| any one of the
funds made under this Section 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.
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| (Source: P.A. 93-36, eff. 6-24-03; 93-131, eff. 7-10-03; | 9 |
| 93-292, eff. 7-22-03; 93-324, eff. 7-23-03; 93-776, eff. | 10 |
| 7-21-04; 94-73, eff. 6-23-05; 94-107, eff. 7-1-05; 94-141, eff. | 11 |
| 1-1-06; 94-142, eff. 1-1-06; 94-442, eff. 8-4-05; 94-602, eff. | 12 |
| 8-16-05; 94-649, eff. 8-22-05; revised 8-29-05.)
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| (35 ILCS 5/510) (from Ch. 120, par. 5-510)
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| Sec. 510. Determination of amounts contributed. The | 15 |
| Department shall
determine the total amount contributed to each | 16 |
| of the following:
the Child Abuse Prevention Fund,
the Illinois | 17 |
| Wildlife Preservation Fund,
the Assistance to the Homeless | 18 |
| Fund,
the Alzheimer's Disease Research Fund,
the Penny Severns | 19 |
| Breast and Cervical Cancer Research Fund,
the National World | 20 |
| War II Memorial Fund,
the Prostate Cancer Research Fund,
the | 21 |
| Illinois Military Family Relief Fund,
the Lou Gehrig's Disease | 22 |
| (ALS) Research Fund,
the Multiple Sclerosis Assistance Fund,
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| the Sarcoidosis Research Fund, the Leukemia Treatment and | 24 |
| Education Fund,
the World War II Illinois Veterans Memorial | 25 |
| Fund,
the Korean War Veterans National Museum and Library Fund, | 26 |
| the Illinois Veterans' Homes Fund, the O'Fallon Veterans' | 27 |
| Monument Fund, the Epilepsy Treatment and Education | 28 |
| Grants-in-Aid Fund,
the Diabetes Research Checkoff Fund, the | 29 |
| Vince Demuzio Memorial Colon Cancer Fund, the Autism Research | 30 |
| Fund, the Blindness Prevention Fund, the Asthma and Lung | 31 |
| Research Fund, and the Illinois Brain Tumor Research Fund;
and | 32 |
| shall notify the State Comptroller and the State Treasurer of | 33 |
| the amounts
to be transferred from the General Revenue Fund to | 34 |
| each fund, and upon receipt
of such notification the State | 35 |
| Treasurer and Comptroller shall transfer the
amounts.
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| (Source: P.A. 93-36, eff. 6-24-03; 93-131, eff. 7-10-03; | 2 |
| 93-292, eff. 7-22-03; 93-324, eff. 7-23-03; 93-776, eff. | 3 |
| 7-21-04; 94-73, eff. 6-23-05; 94-107, eff. 7-1-05; 94-141, eff. | 4 |
| 1-1-06; 94-142, eff. 1-1-06; 94-442, eff. 8-4-05; 94-602, eff. | 5 |
| 8-16-05; 94-649, eff. 8-22-05; revised 8-29-05.)
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| Section 99. Effective date. This Act takes effect upon | 7 |
| becoming law.
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