Bill Text: IL HR0355 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Urges the Illinois Constitution be amended to provide that the state income tax shall never exceed 4.75% for individuals.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Introduced - Dead) 2019-07-02 - Rule 19(b) / Re-referred to Rules Committee [HR0355 Detail]
Download: Illinois-2019-HR0355-Introduced.html
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| 1 | HOUSE RESOLUTION
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| 2 | WHEREAS, The State of Illinois is one of only a few states | ||||||
| 3 | in the country that maintains a flat-rate income
tax structure; | ||||||
| 4 | and
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| 5 | WHEREAS, Of the surrounding states, only Illinois, | ||||||
| 6 | Indiana, and Michigan have flat-rate income taxes
imposed on | ||||||
| 7 | taxpayers; and
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| 8 | WHEREAS, The Illinois constitution currently provides that | ||||||
| 9 | the State may only impose one non-graduated
income tax on | ||||||
| 10 | individuals and corporations; further, there is a limitation | ||||||
| 11 | that prohibits the imposition of
a corporate income tax rate | ||||||
| 12 | that is greater than an 8:5 ratio vis-a-vis the income tax rate | ||||||
| 13 | on
individuals; and
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| 14 | WHEREAS, Since 2011, the General Assembly, has | ||||||
| 15 | successfully passed two income tax increases; under
P.A. | ||||||
| 16 | 96-1496, the income tax was increased temporarily to 5% on | ||||||
| 17 | individuals and 7% on corporations for
tax years 2011-2014; the | ||||||
| 18 | rates then fell to 3.75% and 5.25% on individuals and | ||||||
| 19 | corporations,
respectively, by tax year 2015; and
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| 20 | WHEREAS, In 2017, under P.A. 100-22, the General Assembly | ||||||
| 21 | yet again increased the income tax rates,
this time on a | ||||||
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| 1 | permanent basis, and established the current rate structure; | ||||||
| 2 | the income tax rate on
individuals is now set at 4.95% and 7% | ||||||
| 3 | on corporations; and
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| 4 | WHEREAS, Illinoisans cannot continue to be punished with | ||||||
| 5 | more tax increases;
stronger protections enshrined in the | ||||||
| 6 | constitution are needed to prevent the legislature from | ||||||
| 7 | continuing to impose
higher and higher rates; therefore, be it
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| 8 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | ||||||
| 9 | HUNDRED FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that | ||||||
| 10 | we urge the Illinois Constitution be amended to provide that | ||||||
| 11 | the state income tax shall
never exceed 4.75% for individuals; | ||||||
| 12 | and be it further
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| 13 | RESOLVED, That suitable copies of this resolution be | ||||||
| 14 | delivered to each member of the Illinois General
Assembly.
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