SC0021 101ST GENERAL ASSEMBLY

LRB101 17132 HLH 66533 e

101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SENATE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
SC0021

Introduced 2/14/2020, by Sen. Michael E. Hastings

SYNOPSIS AS INTRODUCED:

ILCON Art. IX, Sec. 12 new

Proposes to amend the Revenue Article of the Illinois Constitution. Provides that no less than 10% of the net revenue realized from the State income tax imposed on individuals, trusts, estates, and corporations shall be directly deposited or transferred each month into the Local Government Distributive Fund or such other successor fund as the General Assembly shall provide by law for the benefit of municipalities and counties of the State. Effective upon being declared adopted.

SENATE JOINT RESOLUTION

CONSTITUTIONAL AMENDMENT

RESOLVED, BY THE SENATE OF THE ONE HUNDRED FIRST 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 adding Section 12 as follows:

ARTICLE IX

REVENUE

(ILCON Art. IX, Sec. 12 new) SECTION 12. LOCAL GOVERNMENT DISTRIBUTIVE FUND

For the purposes of providing property tax relief and ensuring the fiscal health of units of local government of the State, no less than 10% of the net revenue realized from the State income tax imposed on individuals, trusts, estates, and corporations shall be directly deposited or transferred each month into the Local Government Distributive Fund or such other successor fund as the General Assembly shall provide by law for the benefit of municipalities and counties of the State.

SCHEDULE

This Constitutional Amendment takes effect upon being declared adopted in accordance with Section 7 of the Illinois Constitutional Amendment Act.