Illinois General Assembly - Bill Status for SJRCA0018

Synopsis As Introduced
Proposes to amend the Revenue Article of the Illinois Constitution. Provides for an additional tax on individuals in an amount equal to 3% of income greater than $1,000,000 for the taxable year. Provides that 75% of the revenue collected from the tax shall be distributed to school districts solely to provide for kindergarten through grade 12 education, and 25% of the revenue collected from the tax shall be distributed to public institutions of higher education. Effective upon being declared adopted.

Actions

Date	Chamber	Action
1/10/2018	Senate	Filed with Secretary
1/10/2018	Senate	Referred to Assignments
1/9/2019	Senate	Session Sine Die

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