Bill Text: IL HJRCA0005 | 2023-2024 | 103rd General Assembly | Introduced
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2023-02-22 - Referred to Rules Committee [HJRCA0005 Detail]
Download: Illinois-2023-HJRCA0005-Introduced.html
| ||||||||||||||||||||
| ||||||||||||||||||||
| ||||||||||||||||||||
| ||||||||||||||||||||
| ||||||||||||||||||||
1 | HOUSE JOINT RESOLUTION
| |||||||||||||||||||
2 | CONSTITUTIONAL AMENDMENT
| |||||||||||||||||||
3 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | |||||||||||||||||||
4 | HUNDRED THIRD GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE | |||||||||||||||||||
5 | SENATE CONCURRING HEREIN, that there shall be submitted to the | |||||||||||||||||||
6 | electors of the State for adoption or rejection at the general | |||||||||||||||||||
7 | election next occurring at least 6 months after the adoption | |||||||||||||||||||
8 | of this resolution a proposition to add Section 12 to Article | |||||||||||||||||||
9 | IX of the Illinois Constitution as follows:
| |||||||||||||||||||
10 | ARTICLE IX
| |||||||||||||||||||
11 | REVENUE
| |||||||||||||||||||
12 | (ILCON Art. IX, Sec. 12 new) | |||||||||||||||||||
13 | SECTION 12. TAX FOR EDUCATION | |||||||||||||||||||
14 | Notwithstanding subsection (a) of Section 3 of this | |||||||||||||||||||
15 | Article, and in addition to any other tax, an additional tax | |||||||||||||||||||
16 | shall be imposed on individuals in an amount equal to 3% of the | |||||||||||||||||||
17 | portion of the taxpayer's net income that is greater than | |||||||||||||||||||
18 | $1,000,000 for the taxable year. All revenue collected | |||||||||||||||||||
19 | pursuant to this Section shall be distributed to school | |||||||||||||||||||
20 | districts solely on a per pupil basis. The General Assembly by | |||||||||||||||||||
21 | law shall provide for the implementation and enforcement of | |||||||||||||||||||
22 | this Section.
|
| |||||||
| |||||||
1 | SCHEDULE
| ||||||
2 | This Constitutional Amendment takes effect upon being | ||||||
3 | declared adopted in accordance with Section 7 of the Illinois | ||||||
4 | Constitutional Amendment Act and applies to taxable years | ||||||
5 | beginning on or after the date of its adoption.
|