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| | 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:
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| | ILCON Art. IX, Sec. 12 new |
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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.
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| | SC0018 | | LRB100 15973 HLH 31091 e |
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| 1 | | SENATE JOINT RESOLUTION
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| 2 | | CONSTITUTIONAL AMENDMENT
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| 3 | | RESOLVED, BY THE SENATE OF THE ONE HUNDREDTH GENERAL |
| 4 | | ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES |
| 5 | | CONCURRING HEREIN, that there shall be submitted to the |
| 6 | | electors of the State for adoption or rejection at the general |
| 7 | | election next occurring at least 6 months after the adoption of |
| 8 | | this resolution a proposition to add Section 12 to Article IX |
| 9 | | of the Illinois Constitution as follows:
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| 10 | | ARTICLE IX
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| 11 | | REVENUE
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| 12 | | (ILCON Art. IX, Sec. 12 new) |
| 13 | | SECTION 12. TAX FOR EDUCATION |
| 14 | | Notwithstanding subsection (a) of Section 3 of this
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| 15 | | Article, and in addition to any other tax, for taxable years |
| 16 | | beginning on or after January 1, 2019, a tax shall be
imposed |
| 17 | | on individuals in an amount equal to 3% of income
greater than |
| 18 | | $1,000,000 for the taxable year. Seventy-five percent of the |
| 19 | | revenue
collected pursuant to this Section shall be distributed |
| 20 | | to
school districts solely to provide for kindergarten through |
| 21 | | grade 12 education, and 25% of the revenue collected pursuant |
| 22 | | to this Section shall be distributed to public institutions of |
| 23 | | higher education. The General Assembly by law shall provide for |