IL HJRCA0005 | 2023-2024 | 103rd General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Proposes to amend the Revenue Article of the Illinois Constitution. Provides that an additional income tax shall be imposed on individuals in an amount equal to 3% of the portion of the individual's income that is greater than $1,000,000 for the taxable year. Provides that the revenue collected from the tax shall be distributed to school districts on a per pupil basis. Effective upon being declared adopted.

Tracking Information

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Title

REVENUE-EDUCATION

Sponsors


History

DateChamberAction
2025-01-07HouseSession Sine Die
2023-02-22HouseReferred to Rules Committee
2023-02-22HouseRead in Full a First Time
2023-02-14HouseFiled with the Clerk by Rep. Curtis J. Tarver, II

Illinois State Sources


Bill Comments

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