101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HOUSE JOINT RESOLUTION CONSTITUTIONAL AMENDMENT
HC0014

 

Introduced , by Rep. Allen Skillicorn

 

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

    Proposes to amend the Revenue Article of the Illinois Constitution. Provides that there shall be no tax imposed by the State upon retirement income. Defines "retirement income". Effective upon being declared adopted.


LRB101 06295 RJF 51321 e

 

HC0014LRB101 06295 RJF 51321 e

1
HOUSE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT

 
3    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE
4HUNDRED FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE
5SENATE CONCURRING 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 income shall be at a
15non-graduated rate. At any one time there may be no more than
16one such tax imposed by the State for State purposes on
17individuals and one such tax so imposed on corporations. In any
18such tax imposed upon corporations the rate shall not exceed
19the rate imposed on individuals by more than a ratio of 8 to 5.
20    (b) Laws imposing taxes on or measured by income may adopt
21by reference provisions of the laws and regulations of the
22United States, as they then exist or thereafter may be changed,
23for the purpose of arriving at the amount of income upon which

 

 

HC0014- 2 -LRB101 06295 RJF 51321 e

1the tax is imposed.
2    (c) For the purposes of this Section, a tax on or measured
3by income does not include retirement income, and there shall
4be no such tax imposed by the State upon retirement income.
5"Retirement income" as used in this subsection (c) means income
6derived from pension or any other retirement plan.
7(Source: Illinois Constitution.)
 
8
SCHEDULE
9    This Constitutional Amendment takes effect upon being
10declared adopted in accordance with Section 7 of the Illinois
11Constitutional Amendment Act.