Bill Status of HJRCA 46   97th General Assembly

Short Description:  CONAMEND-LIMIT APPROP/TRANSFER

House Sponsors
Rep. Mike Bost

Last Action  View All Actions

DateChamber Action
  5/5/2012HouseTabled 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 2015, 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 
DateChamber Action
  2/16/2012HouseFiled with the Clerk by Rep. Mike Bost
  2/16/2012HouseRead in Full a First Time
  2/16/2012HouseReferred to Rules Committee
  5/5/2012HouseTabled Pursuant to Rule 46

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