Bill Text: IL SJRCA0017 | 2013-2014 | 98th General Assembly | Introduced


Bill Title: Proposes to amend the Revenue Article of the Illinois Constitution. Provides that individual income taxes may be at a graduated or a non-graduated rate. Provides that any such tax imposed on corporations shall be at a non-graduated rate, not to exceed the average of the lowest and highest individual rates by more than a ratio of 8 to 5. Effective upon being declared adopted.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2015-01-13 - Session Sine Die [SJRCA0017 Detail]

Download: Illinois-2013-SJRCA0017-Introduced.html


98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SENATE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
SC0017

Introduced 2/15/2013, by Sen. Michael W. Frerichs

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

Proposes to amend the Revenue Article of the Illinois Constitution. Provides that individual income taxes may be at a graduated or a non-graduated rate. Provides that any such tax imposed on corporations shall be at a non-graduated rate, not to exceed the average of the lowest and highest individual rates by more than a ratio of 8 to 5. Effective upon being declared adopted.
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SC0017LRB098 10378 HLH 40565 e
1
SENATE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT
3 RESOLVED, BY THE SENATE OF THE NINETY-EIGHTH GENERAL
4ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES
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 individual income may shall be
15at a graduated or a non-graduated rate. At any one time there
16may be no more than one such tax imposed by the State for State
17purposes on individuals and one such tax so imposed on
18corporations. Any such tax imposed on corporations shall be at
19a non-graduated rate. In any such tax imposed upon corporations
20the rate shall not exceed the average of the lowest and highest
21rates rate imposed on individuals by more than a ratio of 8 to
225.
23 (b) Laws imposing taxes on or measured by income may adopt

SC0017- 2 -LRB098 10378 HLH 40565 e
1by reference provisions of the laws and regulations of the
2United States, as they then exist or thereafter may be changed,
3for the purpose of arriving at the amount of income upon which
4the tax is imposed.
5(Source: Illinois Constitution.)
6
SCHEDULE
7 This Constitutional Amendment takes effect upon being
8declared adopted in accordance with Section 7 of the Illinois
9Constitutional Amendment Act.
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