Illinois General Assembly - Bill Status for SJRCA0086
Illinois General Assembly

Previous General Assemblies

 Bill Status of SJRCA0086  95th General Assembly

Short Description:  INCOME TAX RATES

Senate Sponsors
Sen. Michael W. Frerichs - Kwame Raoul

Last Action
DateChamber Action
  1/13/2009SenateSession 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 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 average rate imposed on individuals by more than a ratio of 8 to 5. Deletes provisions limiting to one the number of income taxes for State purposes imposed on corporations. Effective upon being declared adopted.

DateChamber Action
  3/5/2008SenateFiled with Secretary
  3/5/2008SenateReferred to Rules
  3/6/2008SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul
  1/13/2009SenateSession Sine Die

Back To Top