Bill Text: IL HJRCA0044 | 2017-2018 | 100th General Assembly | Introduced


Bill Title: Proposes to amend the Revenue Article of the Illinois Constitution. Provides that there shall be no tax imposed by the State upon retirement income. Defines "retirement income". Effective upon being declared adopted.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HJRCA0044 Detail]

Download: Illinois-2017-HJRCA0044-Introduced.html


100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HOUSE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
HC0044

Introduced , by Rep. Allen Skillicorn

SYNOPSIS AS INTRODUCED:
ILCON Art. IX, Sec. 3

Proposes to amend the Revenue Article of the Illinois Constitution. Provides that there shall be no tax imposed by the State upon retirement income. Defines "retirement income". Effective upon being declared adopted.
LRB100 21507 RJF 38319 e

HC0044LRB100 21507 RJF 38319 e
1
HOUSE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT
3 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE
4HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE SENATE
5CONCURRING 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 of
8this resolution a proposition to amend Article IX of the
9Illinois Constitution by changing Section 3 as follows:
10
ARTICLE IX
11
REVENUE
12 (ILCON Art. IX, Sec. 3)
13SECTION 3. LIMITATIONS ON INCOME TAXATION
14 (a) A tax on or measured by income shall be at a
15non-graduated rate. At any one time there may be no more than
16one such tax imposed by the State for State purposes on
17individuals and one such tax so imposed on corporations. In any
18such tax imposed upon corporations the rate shall not exceed
19the rate imposed on individuals by more than a ratio of 8 to 5.
20 (b) Laws imposing taxes on or measured by income may adopt
21by reference provisions of the laws and regulations of the
22United States, as they then exist or thereafter may be changed,
23for the purpose of arriving at the amount of income upon which

HC0044- 2 -LRB100 21507 RJF 38319 e
1the tax is imposed.
2 (c) For the purposes of this Section, a tax on or measured
3by income does not include retirement income, and there shall
4be no such tax imposed by the State upon retirement income.
5"Retirement income" as used in this subsection (c) means income
6derived from pension or any other retirement plan.
7(Source: Illinois Constitution.)
8
SCHEDULE
9 This Constitutional Amendment takes effect upon being
10declared adopted in accordance with Section 7 of the Illinois
11Constitutional Amendment Act.
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