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IL SB2010

Bill

Official Source

Status

Failed

1/13/2015

Primary Sponsor

Bill Brady

Click for details

Origin

Senate

98th General Assembly

AI Summary

  • Amends the Illinois Income Tax Act to add a voluntary checkoff option on individual income tax forms for taxable years ending on or after December 31, 2014
  • Allows taxpayers to contribute a minimum of $1 to the Capital Development Fund for constructing a presidential library and museum dedicated to President Barack Obama
  • Contributions reduce the taxpayer's refund or increase payment owed with the return; failure to remit increased payment reduces the contribution accordingly
  • Restricts use of collected funds solely to construction of the Obama presidential library and museum, including repayment of any bonded indebtedness for those purposes
  • Does not apply to amended tax returns; takes effect upon becoming law

Legislative Description

GOVERNMENT-TECH

Last Action

Session Sine Die

1/13/2015

Committee Referrals

Assignments4/16/2013
Executive3/13/2013
Assignments2/15/2013

Full Bill Text

No bill text available