Bill Status of SJRCA 20   93rd General Assembly

Short Description:  CON AMEND INCOME TAX SURCHARGE

Senate Sponsors
Sen. M. Maggie Crotty-Edward D. Maloney

Last Action  View All Actions

DateChamber Action
  1/11/2005SenateSession Sine Die

 

Synopsis As Introduced
Proposes to amend the Education Article of the Illinois Constitution. Provides that beginning on January 1 of the year following adoption of the constitutional amendment, a surtax on or measured by income at a rate of 3% shall be levied annually on that portion of the income of individuals that exceeds $250,000. Provides that all receipts shall be deposited into the Education and Permanent Property Tax Relief Trust Fund. Provides that on July 1 of each year, 50% of the public funds in the Trust Fund shall be distributed in equal amounts to every taxpayer who is an owner-occupier of residential real property in the State and the other 50% shall be distributed equally on a per student basis to improve education in public schools through the secondary level. Effective upon being declared adopted in accordance with Section 7 of the Illinois Constitutional Amendment Act.

Actions 
DateChamber Action
  2/26/2003SenateFiled with Secretary
  2/26/2003SenateReferred to Rules
  3/12/2003SenateAssigned to Executive
  3/27/2003SenatePostponed - Executive
  4/1/2004SenateAdded as Chief Co-Sponsor Sen. Edward D. Maloney
  4/21/2004SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. M. Maggie Crotty
  4/21/2004SenateSenate Committee Amendment No. 1 Referred to Rules
  1/11/2005SenateSession Sine Die

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