Illinois General Assembly - Bill Status for SJRCA0007

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Bill Status of SJRCA0007 95th General Assembly

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Short Description: INCOME TAX RATES

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

Last Action

Date	Chamber	Action
1/13/2009	Senate	Session 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

Date	Chamber	Action
2/7/2007	Senate	Filed with Secretary
2/7/2007	Senate	Referred to Rules
3/28/2007	Senate	Added as Chief Co-Sponsor Sen. Michael W. Frerichs
1/13/2009	Senate	Session Sine Die

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