IL SJRCA0006 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 2 2023 - 25% progression
Action: 2023-03-02 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on March 2 2023 - 25% progression
Action: 2023-03-02 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Proposes to amend the Revenue Article of the Illinois Constitution. Removes a provision that provides that a tax on income shall be measured at a non-graduated rate. Provides that the General Assembly shall provide by law for the rate or rates of any tax on or measured by income imposed by the State (currently, there may be no more than one such tax imposed by the State on individuals and one such tax so imposed on corporations). Provides that the highest rate of tax imposed on corporations may not exceed the highest rate imposed on individuals by more than a ratio of 8 to 5. Effective upon being declared adopted.
Title
CONAMEND-INCOME TAX RATES
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-03-02 | Senate | Referred to Assignments |
| 2023-03-02 | Senate | Filed with Secretary |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=6&GAID=17&DocTypeID=SJRCA&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SJRCA/10300SC0006.htm |
