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Full Text of SJRCA0018  100th General Assembly

SC0018 100TH GENERAL ASSEMBLY


 


 
100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SENATE JOINT RESOLUTION CONSTITUTIONAL AMENDMENT
SC0018

 

Introduced 1/9/2018, by Sen. Laura M. Murphy

 

SYNOPSIS AS INTRODUCED:
 
ILCON Art. IX, Sec. 12 new

    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.


LRB100 15973 HLH 31091 e

 

SC0018LRB100 15973 HLH 31091 e

1
SENATE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT

 
3    RESOLVED, BY THE SENATE OF THE ONE HUNDREDTH GENERAL
4ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES
5CONCURRING HEREIN, that there shall be submitted to the
6electors of the State for adoption or rejection at the general
7election next occurring at least 6 months after the adoption of
8this resolution a proposition to add Section 12 to Article IX
9of the Illinois Constitution as follows:
 
10
ARTICLE IX
11
REVENUE

12    (ILCON Art. IX, Sec. 12 new)
13SECTION 12. TAX FOR EDUCATION
14    Notwithstanding subsection (a) of Section 3 of this
15Article, and in addition to any other tax, for taxable years
16beginning on or after January 1, 2019, a tax shall be imposed
17on individuals in an amount equal to 3% of income greater than
18$1,000,000 for the taxable year. Seventy-five percent of the
19revenue collected pursuant to this Section shall be distributed
20to school districts solely to provide for kindergarten through
21grade 12 education, and 25% of the revenue collected pursuant
22to this Section shall be distributed to public institutions of
23higher education. The General Assembly by law shall provide for

 

 

SC0018- 2 -LRB100 15973 HLH 31091 e

1the implementation and enforcement of this Section.
 
2
SCHEDULE
3    This Constitutional Amendment takes effect upon being
4declared adopted in accordance with Section 7 of the Illinois
5Constitutional Amendment Act.