Bill Text: IL SJRCA0039 | 2013-2014 | 98th General Assembly | Amended
Bill Title: Proposes to amend the Revenue Article of the Illinois Constitution. Removes a provision that provides that a tax on income shall be measured at a non-graduated rate. Provides that, for any income tax imposed upon corporations, the rate shall not exceed the maximum rate imposed on individuals. Effective upon being declared adopted.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2015-01-13 - Session Sine Die [SJRCA0039 Detail]
Download: Illinois-2013-SJRCA0039-Amended.html
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1 | AMENDMENT TO SENATE JOINT RESOLUTION
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2 | CONSTITUTIONAL AMENDMENT 39 | ||||||
3 | AMENDMENT NO. ___. Amend Senate Joint Resolution | ||||||
4 | Constitutional Amendment 39 by replacing everything after the | ||||||
5 | heading with the following:
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6 | "RESOLVED, BY THE SENATE OF THE NINETY-EIGHTH GENERAL | ||||||
7 | ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES | ||||||
8 | CONCURRING HEREIN, that there shall be submitted to the | ||||||
9 | electors of the State for adoption or rejection at the general | ||||||
10 | election next occurring at least 6 months after the adoption of | ||||||
11 | this resolution a proposition to amend Section 3 of Article IX | ||||||
12 | of the Illinois Constitution as follows:
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13 | ARTICLE IX
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14 | REVENUE
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15 | (ILCON Art. IX, Sec. 3)
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1 | SECTION 3. LIMITATIONS ON INCOME TAXATION
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2 | (a) There may be one tax on the income of individuals and | ||||||
3 | corporations. This may be a fair tax where lower rates apply to | ||||||
4 | lower income levels and higher rates apply to higher income | ||||||
5 | levels. No government other than the State may impose a tax on | ||||||
6 | or measured by income. A tax on or measured by income shall be | ||||||
7 | at a non-graduated rate. At
any one time there may be no more | ||||||
8 | than one such tax imposed by the State
for State purposes on | ||||||
9 | individuals and one such tax so imposed on
corporations. In any | ||||||
10 | such tax imposed upon corporations the rate shall
not exceed | ||||||
11 | the rate imposed on individuals by more than a ratio of 8 to
5.
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12 | (b) Laws imposing taxes on or measured by income may adopt | ||||||
13 | by
reference provisions of the laws and regulations of the | ||||||
14 | United States,
as they then exist or thereafter may be changed, | ||||||
15 | for the purpose of
arriving at the amount of income upon which | ||||||
16 | the tax is imposed.
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17 | (Source: Illinois Constitution.)
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18 | SCHEDULE
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