Bill Text: IL HB4304 | 2015-2016 | 99th General Assembly | Introduced

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Bill Title: Amends the Illinois Income Tax Act. Provides that the income tax checkoff for the U.S.S. Illinois Commissioning Fund applies for taxable years ending on or after December 31, 2015 (instead of December 31, 2014) and ending on or before December 31, 2017 (instead of December 31, 2016). Provides that the Section creating the checkoff is repealed on December 31, 2018 (instead of December 31, 2017). Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-10-14 - Referred to Rules Committee [HB4304 Detail]

Download: Illinois-2015-HB4304-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 HB4304 Introduced , by Rep. Keith Wheeler SYNOPSIS AS INTRODUCED:
35 ILCS 5/507EEE
Amends the Illinois Income Tax Act. Provides that the income tax checkoff for the U.S.S. Illinois Commissioning Fund applies for taxable years ending on or after December 31, 2015 (instead of December 31, 2014) and ending on or before December 31, 2017 (instead of December 31, 2016). Provides that the Section creating the checkoff is repealed on December 31, 2018 (instead of December 31, 2017). Effective immediately.
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FISCAL NOTE ACT MAY APPLY
A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Income Tax Act is amended by
changing Section 507EEE as follows:
(35 ILCS 5/507EEE)
(Section scheduled to be repealed on December 31, 2017)
Sec. 507EEE. U.S.S. Illinois Commissioning Fund checkoff.
For taxable years ending on or after December 31, 2015 December
31, 2014 and ending on or before December 31, 2017 December 31,
2016, the Department must print on its standard individual
income tax form a provision (i) indicating that if the taxpayer
wishes to contribute to the U.S.S. Illinois Commissioning Fund,
a special fund created in the State treasury, for the purpose
of donating to the U.S.S. Illinois Commissioning Committee, as
authorized by this amendatory Act of the 99th General Assembly,
he or she may do so by stating the amount of the contribution
(not less than $1) on the return and (ii) stating that the
contribution will reduce the taxpayer's refund or increase the
amount of payment to accompany the return. Failure to remit any
amount of increased payment shall reduce the contribution
accordingly. Notwithstanding any other provision of law,
moneys deposited into the U.S.S. Illinois Commissioning Fund

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from contributions under this Section shall be used by the
Department of Military Affairs to make grants to the U.S.S.
Illinois Commissioning Committee. This Section does not apply
to any amended return.
This Section is repealed on December 31, 2018 December 31,
2017.
(Source: P.A. 99-423, eff. 8-20-15.)
Section 99. Effective date. This Act takes effect upon
becoming law.