Illinois Compiled Statutes 35 ILCS 5 Illinois Income Tax Act. Section 245

    (35 ILCS 5/245)

    Sec. 245. The Do-It-Yourself School Funding Law. On any original return for a taxable year ending on or after December 31, 1998 and prior to December 31, 2000, a taxpayer shall have the option to forgo claiming the exemptions provided under subsections (b) and (c) of Section 204 or the tax credit provided under Section 208 and instead may direct that the additional amount of tax resulting from not claiming the exemptions or credit shall be deposited into the Do-It-Yourself School Funding Fund.

(Source: P.A. 90-553, eff. 6-1-98.)

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Last modified: February 18, 2015