093_HC0015

 
                                     LRB093 03741 SJM 03774 e

 1                       HOUSE JOINT RESOLUTION
 2                      CONSTITUTIONAL AMENDMENT

 3        RESOLVED,  BY  THE  HOUSE  OF  REPRESENTATIVES   OF   THE
 4    NINETY-THIRD  GENERAL  ASSEMBLY OF THE STATE OF ILLINOIS, THE
 5    SENATE CONCURRING HEREIN, that there shall  be  submitted  to
 6    the  electors  of  the State for adoption or rejection at the
 7    general election next occurring at least 6 months  after  the
 8    adoption  of this resolution a proposition to add Section 3.1
 9    to Article IX of the Illinois Constitution as follows:

10                             ARTICLE IX
11                               REVENUE

12        (ILCON Art. IX, Sec. 3.1 new)
13    SECTION 3.1. LIMITATION ON ESTATE TAX AND GENERATION-SKIPPING
14    TRANSFER TAX
15        (a)  No estate tax or  generation-skipping  transfer  tax
16    shall  be  imposed  by  the  State in excess of the aggregate
17    amounts that may be allowed to be credited upon  or  deducted
18    from any similar tax imposed by the United States.
19        (b)  The  General  Assembly may impose an estate tax or a
20    generation-skipping transfer tax only so long as  and  during
21    the  time  that an estate tax or generation-skipping transfer
22    tax  is  imposed  by  the  United  States  against   Illinois
23    citizens.

24                              SCHEDULE
25        This  Constitutional  Amendment  takes  effect upon being
26    declared adopted in accordance with Section 7 of the Illinois
27    Constitutional Amendment Act.