Bill Text: IL HJRCA0059 | 2015-2016 | 99th General Assembly | Engrossed
Bill Title: Proposes to amend the Revenue Article of the Illinois Constitution. Amends the Revenue Article to provide that a tax on or measured by income may be imposed by law (rather than shall be at a non-graduated rate). Effective upon being declared adopted.
Spectrum: Partisan Bill (Democrat 29-0)
Status: (Introduced - Dead) 2016-05-06 - Rule 19(a) / Re-referred to Rules Committee [HJRCA0059 Detail]
Download: Illinois-2015-HJRCA0059-Engrossed.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 | ||||||
4 | NINETY-NINTH 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 the Illinois | ||||||
9 | Constitution by changing Section 3 of Article IX 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 | (a) A tax on or measured by income may be imposed by law | ||||||
15 | shall be at a non-graduated rate . At
any one time there may be | ||||||
16 | no more than one such tax imposed by the State
for State | ||||||
17 | purposes on individuals and one such tax so imposed on
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18 | corporations. In any such tax imposed upon corporations the | ||||||
19 | rate shall
not exceed the rate imposed on individuals by more | ||||||
20 | 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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