Illinois General Assembly

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 Bill Status of SJRCA0018  98th General Assembly

Short Description:  INCOME TAX RATES

Senate Sponsors
Sen. Kwame Raoul - Michael Noland and Daniel Biss

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die
ILCON Art. IX, Sec. 3 

Synopsis As Introduced
Proposes to amend the Revenue Article of the Illinois Constitution. Removes a provision that provides that a tax on income shall be measured at a non-graduated rate. Provides that, for any income tax imposed upon corporations, the rate shall not exceed the weighted average rate imposed on individuals by more than a ratio of 8 to 5. Effective upon being declared adopted.

DateChamber Action
  2/15/2013SenateFiled with Secretary
  2/15/2013SenateReferred to Assignments
  2/19/2013SenateAdded as Co-Sponsor Sen. Daniel Biss
  2/26/2013SenateAdded as Chief Co-Sponsor Sen. Michael Noland
  3/28/2014SenateAssigned to Executive
  3/28/2014SenateTo Subcommittee on Constitutional Amendments
  4/3/2014SenatePostponed in Executive Subcommittee on Constitutional Amendments
  1/13/2015SenateSession Sine Die

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