Illinois General Assembly - Full Text of HR0890
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Full Text of HR0890  99th General Assembly

HR0890 99TH GENERAL ASSEMBLY


  

 


 
HR0890LRB099 15615 GRL 39907 r

1
HOUSE RESOLUTION

 
2    WHEREAS, The State of Illinois exempts State taxation of
3retirement income; and
 
4    WHEREAS, Retirees living on a fixed income have limited
5ability to rejoin the workforce, face high health care costs,
6and have little ability to save money; and
 
7    WHEREAS, Retirees could not have anticipated in their
8lifetime of planning that their retirement income would
9suddenly be taxed by the State, forcing them to cut already
10strained household budgets; and
 
11    WHEREAS, Retirees do pay many other taxes, such as federal
12income taxes, property taxes, and sales taxes; and
 
13    WHEREAS, The exclusion of taxing retirement income
14encourages residents to remain living throughout their
15retirement in Illinois and encourages newly retired Americans
16to relocate to the State; therefore, be it
 
17    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
18NINETY-NINTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we
19state our belief that the Illinois Income Tax Act should not be
20amended to permit taxing retirement income; and be it further
 

 

 

HR0890- 2 -LRB099 15615 GRL 39907 r

1    RESOLVED, That suitable copies of this resolution be
2delivered to all Illinois constitutional officers, the Speaker
3and Minority Leader of the Illinois House of Representatives,
4and the President and Minority Leader of the Illinois Senate.