|
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018 HOUSE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT HC0044 Introduced , by Rep. Allen Skillicorn SYNOPSIS AS INTRODUCED: |
| |
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.
|
| |
| | |
|
|
| | HC0044 | | LRB100 21507 RJF 38319 e |
|
|
1 | | HOUSE JOINT RESOLUTION
|
2 | | CONSTITUTIONAL AMENDMENT
|
3 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE |
4 | | HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE SENATE |
5 | | CONCURRING HEREIN, that there shall be submitted to the |
6 | | electors of the State for adoption or rejection at the general |
7 | | election next occurring at least 6 months after the adoption of |
8 | | this resolution a proposition to amend Article IX of the |
9 | | Illinois Constitution by changing Section 3 as follows:
|
10 | | ARTICLE IX
|
11 | | REVENUE
|
12 | | (ILCON Art. IX, Sec. 3)
|
13 | | SECTION 3. LIMITATIONS ON INCOME TAXATION
|
14 | | (a) A tax on or measured by income shall be at a |
15 | | non-graduated rate. At
any one time there may be no more than |
16 | | one such tax imposed by the State
for State purposes on |
17 | | individuals and one such tax so imposed on
corporations. In any |
18 | | such tax imposed upon corporations the rate shall
not exceed |
19 | | the 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 |
21 | | by
reference provisions of the laws and regulations of the |
22 | | United States,
as they then exist or thereafter may be changed, |
23 | | for the purpose of
arriving at the amount of income upon which |