Bill Text: IL HJRCA0029 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Proposes to amend the Revenue Article of the Illinois Constitution. Amends a Section concerning limitations on income taxation. Effective upon being declared adopted.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-02-21 - Referred to Rules Committee [HJRCA0029 Detail]
Download: Illinois-2019-HJRCA0029-Introduced.html
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1 | HOUSE JOINT RESOLUTION
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2 | CONSTITUTIONAL AMENDMENT
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3 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | |||||||||||||||||||
4 | HUNDRED FIRST 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 of | |||||||||||||||||||
8 | this resolution a proposition to amend Section 3 of Article 9 | |||||||||||||||||||
9 | of the Illinois Constitution as follows:
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10 | ARTICLE IX
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11 | REVENUE
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12 | (ILCON Art. IX, Sec. 3)
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13 | SECTION 3. LIMITATIONS ON INCOME TAXATION
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14 | No tax on or measured by income shall be imposed. (a) A tax | |||||||||||||||||||
15 | on or measured by income shall be at a non-graduated rate. At
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16 | any one time there may be no more than one such tax imposed by | |||||||||||||||||||
17 | the State
for State purposes on individuals and one such tax so | |||||||||||||||||||
18 | imposed on
corporations. In any such tax imposed upon | |||||||||||||||||||
19 | corporations the rate shall
not exceed the rate imposed on | |||||||||||||||||||
20 | individuals by more than a ratio of 8 to
5.
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21 | (b) Laws imposing taxes on or measured by income may adopt | |||||||||||||||||||
22 | by
reference provisions of the laws and regulations of the | |||||||||||||||||||
23 | United States,
as they then exist or thereafter may be changed, |
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1 | for the purpose of
arriving at the amount of income upon which | ||||||
2 | the tax is imposed.
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3 | (Source: Illinois Constitution.)
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4 | SCHEDULE
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5 | This Constitutional Amendment takes effect upon being | ||||||
6 | declared adopted in accordance with Section 7 of the Illinois | ||||||
7 | Constitutional Amendment Act.
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