Bill Text: IL HJR0106 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: States the belief that the Illinois Income Tax Act should not be amended to permit taxing retirement income.
Sponsorship: Bipartisan Bill
Status: (Failed) 2019-01-08 - Session Sine Die [HJR0106 Detail]
Download: Illinois-2017-HJR0106-Introduced.html
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| 1 | HOUSE JOINT RESOLUTION
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| 2 | WHEREAS, The State of Illinois exempts State taxation of | ||||||
| 3 | retirement income; and
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| 4 | WHEREAS, Retirees living on a fixed income have limited | ||||||
| 5 | ability to rejoin the workforce, face high health care costs, | ||||||
| 6 | and have little ability to save money; and
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| 7 | WHEREAS, Retirees could not have anticipated in their | ||||||
| 8 | lifetime of planning that their retirement income would | ||||||
| 9 | suddenly be taxed by the State, forcing them to cut already | ||||||
| 10 | strained household budgets; and
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| 11 | WHEREAS, Retirees do pay many other taxes, such as federal | ||||||
| 12 | income taxes, property taxes, and sales taxes; and
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| 13 | WHEREAS, The exclusion of taxing retirement income | ||||||
| 14 | encourages residents to remain living throughout their | ||||||
| 15 | retirement in Illinois and encourages newly retired Americans | ||||||
| 16 | to relocate to the State; therefore, be it
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| 17 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | ||||||
| 18 | HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE SENATE | ||||||
| 19 | CONCURRING HEREIN, that we state our belief that the Illinois | ||||||
| 20 | Income Tax Act should not be amended to permit taxing | ||||||
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| 1 | retirement income; and be it further
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| 2 | RESOLVED, That suitable copies of this resolution be | ||||||
| 3 | delivered to all Illinois constitutional officers, the Speaker | ||||||
| 4 | and Minority Leader of the Illinois House of Representatives, | ||||||
| 5 | and the President and Minority Leader of the Illinois Senate.
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