103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SENATE JOINT RESOLUTION CONSTITUTIONAL AMENDMENT
SC0006

 

Introduced 3/1/2023, by Sen. Robert F. Martwick

 

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

    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.


LRB103 29150 HLH 55536 e

 

SC0006LRB103 29150 HLH 55536 e

1
SENATE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT

 
3    RESOLVED, BY THE SENATE OF THE ONE HUNDRED THIRD GENERAL
4ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF
5REPRESENTATIVES CONCURRING HEREIN, that there shall be
6submitted to the electors of the State for adoption or
7rejection at the general election next occurring at least 6
8months after the adoption of this resolution a proposition to
9amend Section 3 of Article IX of the Illinois Constitution as
10follows:
 
11
ARTICLE IX
12
REVENUE

13    (ILCON Art. IX, Sec. 3)
14SECTION 3. LIMITATIONS ON INCOME TAXATION
15    (a) The General Assembly shall provide by law for the rate
16or rates of any tax on or measured by income imposed by the
17State. A tax on or measured by income shall be at a
18non-graduated rate. At any one time there may be no more than
19one such tax imposed by the State for State purposes on
20individuals and one such tax so imposed on corporations. In
21any such tax imposed upon corporations the highest rate shall
22not exceed the highest rate imposed on individuals by more
23than a ratio of 8 to 5.

 

 

SC0006- 2 -LRB103 29150 HLH 55536 e

1    (b) Laws imposing taxes on or measured by income may adopt
2by reference provisions of the laws and regulations of the
3United States, as they then exist or thereafter may be
4changed, for the purpose of arriving at the amount of income
5upon which the tax is imposed.
6(Source: Illinois Constitution.)
 
7
SCHEDULE
8    This Constitutional Amendment takes effect upon being
9declared adopted in accordance with Section 7 of the Illinois
10Constitutional Amendment Act.