SB3524 Summary

• Amends Section 509 of the Illinois Income Tax Act regarding tax checkoff explanations on individual income tax return forms.

• Makes a technical change by adding the word "and" in the provision requiring income tax forms to contain explanations and spaces for taxpayers to designate contributions to authorized funds.

• Maintains existing requirements that tax forms include statements explaining that contributions will reduce refunds or increase payment amounts owed.

• Preserves the provision requiring removal of checkoff options from tax forms if total contributions to any fund fall below $100,000 by October 1 of any year, with subsequent contributions refunded to taxpayers.