Date	Chamber	Action
5/5/2012	House	Tabled Pursuant to Rule 46

ILCON Art. IV, Sec. 8.1 new

ILCON Art. VIII, Sec. 2.1 new

ILCON Art. VIII, Sec. 2.2 new

Synopsis As Introduced
Proposes to amend the Legislature Article of the Illinois Constitution concerning the passage of revenue bills. Provides that any bill resulting in the increase of revenue to the State by an increase of a tax on or measured by income or by an increase of a tax on or measured by the selling price of any item of tangible personal property may become law only by a vote of three-fifths of the members in each house of the General Assembly. Proposes to amend the Finance Article of the Illinois Constitution. Beginning in Fiscal Year 2014, limits aggregate appropriations and transfers from the State's general funds in a fiscal year. Allows the Governor to declare a fiscal emergency. If the Comptroller and Treasurer concur in the Governor's declaration, then the General Assembly, by a three-fifths vote, may authorize appropriations and transfers that exceed the limitation by law conditioned upon the approval of a majority of voters in the next general, primary, or special election. Requires excess revenues to be deposited into the Past Due Paydown Fund, State Budget Stabilization Fund, and the Taxpayer Relief Fund. Requires that, in each fiscal year, obligations of the State to retirement systems and pension funds created under the Illinois Pension Code must be met as provided in that Code. Effective upon being declared adopted.

Actions 

Date	Chamber	Action
2/24/2011	House	Filed with the Clerk by Rep. Norine Hammond
2/24/2011	House	Chief Co-Sponsor Rep. Dwight Kay
2/24/2011	House	Chief Co-Sponsor Rep. Sandra M. Pihos
2/24/2011	House	Chief Co-Sponsor Rep. Patricia R. Bellock
2/24/2011	House	Read in Full a First Time
2/24/2011	House	Referred to Rules Committee
3/30/2011	House	Added Co-Sponsor Rep. Jim Watson
5/5/2012	House	Tabled Pursuant to Rule 46

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