To the Honorable Members of the
Illinois Senate
95th General Assembly
Pursuant to Article IV, Section 9(e) of the Illinois Constitution of 1970, I hereby return Senate Bill 2632, entitled AN ACT concerning economic development., with the following specific recommendations for change:
on page 1, line 8, by deleting Subject; and
on page 1, line 9, by replacing to appropriation, the with The; and
on page 1, line 13, after identified shortages., by inserting the following:
The study shall also assess any changes in economic activity in Illinois that could reasonably be expected to occur if the State of Illinois Individual Income Tax Rate were increased from the current rate of 3 percent to a new rate of 5 percent, including the impact on total employment, employment by sector, wages, disposable income, import and export activity, and other economic indicators as may be relevant.; and
on page 2, line 2, by replacing February 1, 2009 with March 15, 2009..
With these changes, Senate Bill 2632 will have my approval. I respectfully request your concurrence.
Sincerely,
ROD R. BLAGOJEVICH
Governor