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

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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

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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.
LRB098 10378 HLH 40565 e
SC0017 LRB098 10378 HLH 40565 e
SENATE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
RESOLVED, BY THE SENATE OF THE NINETY-EIGHTH GENERAL
ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES
CONCURRING HEREIN, that there shall be submitted to the
electors of the State for adoption or rejection at the general
election next occurring at least 6 months after the adoption of
this resolution a proposition to amend Article IX of the
Illinois Constitution by changing Section 3 as follows:
ARTICLE IX
REVENUE
(ILCON Art. IX, Sec. 3)
SECTION 3. LIMITATIONS ON INCOME TAXATION
(a) A tax on or measured by individual income may shall be
at a graduated or a non-graduated rate. At any one time there
may be no more than one such tax imposed by the State for State
purposes on individuals and one such tax so imposed on
corporations. Any such tax imposed on corporations shall be at
a non-graduated rate. In any such tax imposed upon corporations
the rate shall not exceed the average of the lowest and highest
rates rate imposed on individuals by more than a ratio of 8 to
5.
(b) Laws imposing taxes on or measured by income may adopt

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by reference provisions of the laws and regulations of the
United States, as they then exist or thereafter may be changed,
for the purpose of arriving at the amount of income upon which
the tax is imposed.
(Source: Illinois Constitution.)
SCHEDULE
This Constitutional Amendment takes effect upon being
declared adopted in accordance with Section 7 of the Illinois
Constitutional Amendment Act.