Bill > SB1779

This bill amends the Illinois Income Tax Act to add a new voluntary tax checkoff option for the 100 Club of Illinois Fund, which will appear on individual income tax forms starting in the 2025 tax year. Under the new provision, if the total contributions to the fund do not reach $100,000 by October 1, 2026, or in any subsequent year, the checkoff option will be permanently removed from future tax forms and any contributions already made will be refunded to taxpayers. The bill follows a standard procedure used for other voluntary tax checkoff funds in Illinois, where funds must meet a minimum contribution threshold to remain as an option on state tax returns. This mechanism ensures that tax forms are not cluttered with checkoff options that do not generate significant financial support for the designated organization or cause. The bill takes effect immediately upon passage.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1779&GAID=18&DocTypeID=SB&SessionID=114&GA=104