Bill Status of SJRCA 6   103rd General Assembly


Short Description:  CONAMEND-INCOME TAX RATES

Senate Sponsors
Sen. Robert F. Martwick

Last Action  View All Actions

DateChamber Action
  3/2/2023SenateReferred to Assignments

 
ILCON Art. IX, Sec. 3 

Synopsis As Introduced
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 the General Assembly shall provide by law for the rate or rates of any tax on or measured by income imposed by the State (currently, there may be no more than one such tax imposed by the State on individuals and one such tax so imposed on corporations). Provides that the highest rate of tax imposed on corporations may not exceed the highest rate imposed on individuals by more than a ratio of 8 to 5. Effective upon being declared adopted.

Actions 
DateChamber Action
  3/2/2023SenateFiled with Secretary
  3/2/2023SenateReferred to Assignments

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