HC0026 104TH GENERAL ASSEMBLY

LRB104 13601 HLH 26211 e

104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HOUSE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
HC0026

Introduced 2/19/2026, by Rep. La Shawn K. Ford

SYNOPSIS AS INTRODUCED:

ILCON Art. IX, Sec. 3

ILCON Art. IX, Sec. 12 new

Proposes to amend the Revenue Article of the Illinois Constitution. Provides that an additional income tax shall be imposed on individuals in an amount equal to 3% of the portion of the individual's income that is greater than $1,000,000 for the taxable year. Provides that the revenue collected from the tax shall be used to provide property tax relief. Effective upon being declared adopted.

HOUSE JOINT RESOLUTION

CONSTITUTIONAL AMENDMENT

RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE HUNDRED FOURTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE SENATE CONCURRING HEREIN, that there shall be submitted to the electors of the State for adoption or rejection at the general election next occurring at least 6 months after the adoption of this resolution a proposition to amend Article IX of the Illinois Constitution by changing Section 3 and by adding Section 12 as follows:

ARTICLE IX

REVENUE

(ILCON Art. IX, Sec. 3) SECTION 3. LIMITATIONS ON INCOME TAXATION

(a) Except as provided in Section 12 of this Article, a A tax on or measured by income shall be at a non-graduated rate. At any one time there may be no more than one such tax imposed by the State for State purposes on individuals and one such tax so imposed on corporations. In any such tax imposed upon corporations the rate shall not exceed the rate imposed on individuals by more than a ratio of 8 to 5.

(b) Laws imposing taxes on or measured by income may adopt by reference provisions of the laws and regulations of the United States, as they then exist or thereafter may be changed, for the purpose of arriving at the amount of income upon which the tax is imposed.

(Source: Illinois Constitution.)

(ILCON Art. IX, Sec. 12 new) SECTION 12. INCOME TAX FOR PROPERTY TAX RELIEF

Notwithstanding subsection (a) of Section 3 of this Article, and in addition to any other tax on or measured by income, an additional tax shall be imposed on individuals in an amount equal to 3% of the portion of the taxpayer's net income that is greater than $1,000,000 for the taxable year. All revenue collected pursuant to this Section shall be used to provide property tax relief. The General Assembly by law shall provide for the implementation and enforcement of this Section.

SCHEDULE

This Constitutional Amendment takes effect upon being declared adopted in accordance with Section 7 of the Illinois Constitutional Amendment Act and applies to taxable years beginning on or after the date of its adoption.