Illinois House Joint Resolution Constitutional Amendment 29 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 26 2013 - 25% progression, died in chamber
Action: 2014-05-03 - Tabled Pursuant to Rule 46
Text: Latest bill text (Introduced) [HTML]

Proposes to amend the Legislature Article of the Illinois Constitution concerning the passage of revenue bills. Provides that any bill resulting in the increase of revenue to the State by an increase of a tax on or measured by income or by an increase of a tax on or measured by the selling price of any item of tangible personal property may become law only by a vote of three-fifths of the members in each house of the General Assembly. Proposes to amend the Finance Article of the Illinois Constitution. Beginning in Fiscal Year 2015, limits aggregate appropriations and transfers from the State's general funds in a fiscal year. Allows the Governor to declare a fiscal emergency. If the Comptroller and Treasurer concur in the Governor's declaration, then the General Assembly, by a three-fifths vote, may authorize appropriations and transfers that exceed the limitation by law conditioned upon the approval of a majority of voters in the next general, primary, or special election. Requires excess revenues to be deposited into the Past Due Paydown Fund, State Budget Stabilization Fund, and the Taxpayer Relief Fund. Requires that, in each fiscal year, obligations of the State to retirement systems and pension funds created under the Illinois Pension Code must be met as provided in that Code. Effective upon being declared adopted.

CONAMEND-LIMIT APPROP/TRANSFER

Rep. Sandra Pihos [R]

Date	Chamber	Action
2014-05-03	House	Tabled Pursuant to Rule 46
2013-02-27	House	Referred to Rules Committee
2013-02-27	House	Read in Full a First Time
2013-02-26	House	Filed with the Clerk by Rep. Sandra M. Pihos

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=29&GAID=12&DocTypeID=HJRCA&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HJRCA/09800HC0029.htm