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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HOUSE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
HC0008
Introduced 1/19/2007, by Rep. Chapin Rose SYNOPSIS AS INTRODUCED:
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ILCON Art. IX, Sec. 3.1 new |
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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
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HC0008 |
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LRB095 04434 BDD 24479 e |
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| HOUSE JOINT RESOLUTION
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| CONSTITUTIONAL AMENDMENT
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| RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE |
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| NINETY-FIFTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE |
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| SENATE CONCURRING HEREIN, that there shall be submitted to the |
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| electors of the State for adoption or rejection at the general |
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| election next occurring at least 6 months after the adoption of |
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| this resolution a proposition to add Section 3.1 to Article IX |
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| of the Illinois Constitution as follows:
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| ARTICLE IX
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| REVENUE
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| (ILCON Art. IX, Sec. 3.1 new)
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| SECTION 3.1. LIMITATION ON ESTATE TAX AND GENERATION-SKIPPING
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| TRANSFER TAX
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| (a) No estate tax or generation-skipping transfer tax shall |
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| be imposed by
the
State
in excess of the aggregate amounts that |
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| may be allowed to be credited upon or
deducted
from any similar |
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| tax imposed by the United States.
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| (b) The General Assembly may impose an estate tax or a |
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| generation-skipping
transfer tax only so long as and during the |
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| time that an estate tax or
generation-skipping
transfer tax is |
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| imposed by the United States against Illinois citizens.
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| SCHEDULE
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