94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HOUSE JOINT RESOLUTION CONSTITUTIONAL AMENDMENT
HC0004

 

Introduced 1/21/2005, by Rep. Chapin Rose

 

SYNOPSIS AS INTRODUCED:
 
ILCON Art. IX, Sec. 3.1 new

    Proposes to amend the Revenue Article of the Illinois Constitution. Provides that no estate tax or generation-skipping transfer tax shall be imposed by the State in excess of the aggregate amounts that may be allowed to be credited upon or deducted from any similar tax imposed by the United States. Provides that the General Assembly may impose an estate tax or a generation-skipping transfer tax only so long as and during the time that an estate tax or generation-skipping transfer tax is imposed by the United States against Illinois citizens. Effective upon being declared adopted.


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A BILL FOR

 

HC0004 LRB094 02462 BDD 32463 e

1
HOUSE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT

 
3     RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
4 NINETY-FOURTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE
5 SENATE 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 add Section 3.1 to Article IX
9 of the Illinois Constitution as follows:
 
10
ARTICLE IX
11
REVENUE

12 SECTION 3.1. LIMITATION ON ESTATE TAX AND GENERATION-SKIPPING
13 TRANSFER TAX
14     (a) No estate tax or generation-skipping transfer tax shall
15 be imposed by the State in excess of the aggregate amounts that
16 may be allowed to be credited upon or deducted from any similar
17 tax imposed by the United States.
18     (b) The General Assembly may impose an estate tax or a
19 generation-skipping transfer tax only so long as and during the
20 time that an estate tax or generation-skipping transfer tax is
21 imposed by the United States against Illinois citizens.
 
22
SCHEDULE
23     This Constitutional Amendment takes effect upon being
24 declared adopted in accordance with Section 7 of the Illinois
25 Constitutional Amendment Act.