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


103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HOUSE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
HC0005

Introduced , by Rep. Curtis J. Tarver, II

SYNOPSIS AS INTRODUCED:
ILCON Art. IX, Sec. 12 new

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.
LRB103 30860 HLH 57371 e

HC0005LRB103 30860 HLH 57371 e
1
HOUSE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT
3 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE
4HUNDRED THIRD GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE
5SENATE CONCURRING HEREIN, that there shall be submitted to the
6electors of the State for adoption or rejection at the general
7election next occurring at least 6 months after the adoption
8of this resolution a proposition to add Section 12 to Article
9IX of the Illinois Constitution as follows:
10
ARTICLE IX
11
REVENUE
12 (ILCON Art. IX, Sec. 12 new)
13SECTION 12. TAX FOR EDUCATION
14 Notwithstanding subsection (a) of Section 3 of this
15Article, and in addition to any other tax, an additional tax
16shall be imposed on individuals in an amount equal to 3% of the
17portion of the taxpayer's net income that is greater than
18$1,000,000 for the taxable year. All revenue collected
19pursuant to this Section shall be distributed to school
20districts solely on a per pupil basis. The General Assembly by
21law shall provide for the implementation and enforcement of
22this Section.

HC0005- 2 -LRB103 30860 HLH 57371 e
1
SCHEDULE
2 This Constitutional Amendment takes effect upon being
3declared adopted in accordance with Section 7 of the Illinois
4Constitutional Amendment Act and applies to taxable years
5beginning on or after the date of its adoption.
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