The Office of the Treasurer adopted twelve new rules that provide the procedures and criteria for awarding grants through the Charitable Trust Stabilization Fund. 74 Ill. Adm. Code 650 (eff. Dec. 4, 2014).
A hospital that gives away less than one percent of its annual revenue in free patient care doesn't qualify for a charitable property tax exemption, the Illinois Supreme Court holds.
In an attempt to avoid previous constitutionality problems, the Illinois General Assembly has passed Public Act 094-0986 in order to re-enact certain amendments originally passed in Public Act 088-0669 but declared unconstitutional by the Illinois Supreme Court in People v Olender, 222 Ill 2d 123, 854 NE2d 593 (2005).
The Solicitation for Charity Act is amended by changing section 6, 225 ILCS 460/6, which requires specific information in the financial reports of fund raisers that collect or sell motor vehicles or watercrafts.
On December 2, 2004, the Illinois Supreme Court reversed the orders of the appellate and circuit courts, which reversed the Illinois Department of Revenue's (Department) holding that the property in question was not tax exempt.
If you advise or sit on the board of a tax-exempt organization, take note of an IRS initiative to make sure nonprofits aren't paying employees too much.
Legislation recently enacted by the General Assembly's override of the governor's veto amends the Illinois Vehicle Code in order to better facilitate the charitable donation and transfer of motor vehicles to not-for-profit organizations for the purpose of providing vehicles to individuals in need of transportation.
On November 21, 2001, the Illinois Supreme Court reversed the appellate court and held that the Solicitation for Charity Act, 225 ILCS 460/0.01, is not unconstitutional.
