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 Bill Status of SJRCA0018  100th General Assembly


Short Description:  INCOME TAX-EDUCATION

Senate Sponsors
Sen. Laura M. Murphy

Last Action
DateChamber Action
  1/10/2018SenateReferred to Assignments
 
ILCON Art. IX, Sec. 12 new 


Synopsis As Introduced
Proposes to amend the Revenue Article of the Illinois Constitution. Provides for an additional tax on individuals in an amount equal to 3% of income greater than $1,000,000 for the taxable year. Provides that 75% of the revenue collected from the tax shall be distributed to school districts solely to provide for kindergarten through grade 12 education, and 25% of the revenue collected from the tax shall be distributed to public institutions of higher education. Effective upon being declared adopted.

Actions 
DateChamber Action
  1/10/2018SenateFiled with Secretary
  1/10/2018SenateReferred to Assignments

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