Bill Status of SJRCA 7   95th General Assembly


Short Description:  INCOME TAX RATES

Senate Sponsors
Sen. Martin A. Sandoval-Michael W. Frerichs

Last Action  View All Actions

DateChamber Action
  1/13/2009SenateSession Sine Die

ILCON Art. IX, Sec. 3 

Synopsis As Introduced
Proposes to amend the Revenue Article of the Illinois Constitution. Authorizes a tax on or measured by income imposed upon individuals to be at a graduated rate (now, all taxes on or measured by income shall be at a non-graduated rate). Provides that, in any such tax imposed upon corporations, the rate shall not exceed the lowest rate imposed on individuals by more than a ratio of 8 to 5. Effective upon being declared adopted.

Actions 
DateChamber Action
  2/7/2007SenateFiled with Secretary
  2/7/2007SenateReferred to Rules
  3/28/2007SenateAdded as Chief Co-Sponsor Sen. Michael W. Frerichs
  1/13/2009SenateSession Sine Die

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