Illinois General Assembly - Bill Status for SJRCA0069

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 highest 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.

Actions

Date	Chamber	Action
8/2/2007	Senate	Filed with Secretary
8/2/2007	Senate	Referred to Rules
8/2/2007	Senate	Added as Chief Co-Sponsor Sen. Kwame Raoul
10/3/2007	Senate	Added as Co-Sponsor Sen. M. Maggie Crotty
10/10/2007	Senate	Added as Chief Co-Sponsor Sen. Don Harmon
2/14/2008	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
1/13/2009	Senate	Session Sine Die

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