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HOUSE RESOLUTION


 
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    WHEREAS, On March 7, 2007 before a joint session of the 
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Illinois House and Senate, Governor Rod R. Blagojevich 
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delivered a combined State-of-the-State and Budget Address; 
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and

 
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    WHEREAS, Based on his concern that, "Many large 
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corporations pay little or nothing in corporate income taxes 
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and are not paying their fair share to meet the state's ongoing 
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infrastructure, education, healthcare, and public safety 
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needs," Governor Blagojevich, during his speech, asked that the 
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General Assembly address this situation by the implementation 
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of a Gross Receipts Tax (GRT) to begin January 1, 2008; and

 
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    WHEREAS, Governor Blagojevich's proposed GRT is a 
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privilege tax imposed on virtually all business entities 
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engaged in a trade or business conducted, in whole or in part, 
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within Illinois; and

 
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    WHEREAS, Governor Blagojevich's proposed GRT would be 
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assessed at a rate of 1% for manufacturing, retail, and 
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wholesale companies, and all other businesses, such as those 
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that provide services, would pay a rate of 2%; and

 
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    WHEREAS, Governor Blagojevich projects that his proposed 
 


 






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GRT would raise $7.6 billion in annual revenue for the State; 
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and

 
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    WHEREAS, Governor Blagojevich's proposed GRT would exempt 
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businesses with gross revenues of $2,000,000 or less, 
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non-profit organizations, and governmental entities; it would 
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also exempt certain transactions, services, and goods and allow 
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certain credits; and

 
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    WHEREAS, While no House member has of this date introduced 
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a bill to enact Governor Blagojevich's proposed GRT, currently 
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pending in the Illinois Senate is Senate Bill 1, Amendments #1 
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and #2, the legislative form of Governor Blagojevich's proposed 
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GRT; therefore, be it

 
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    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE 
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NINETY-FIFTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that 
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those voting "aye" on this resolution are in support of 
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Governor Blagojevich's proposed Gross Receipts Tax and urge 
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that legislation to enact it into law be passed by the General 
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Assembly as soon as possible, and those voting "no" on this 
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resolution do not support Governor Blagojevich's proposed 
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Gross Receipts Tax and believe that it should not become law; 
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and be it further

 
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    RESOLVED, That a copy of this resolution be presented to 
 


 






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all State Constitutional Officers, the Minority Leader of the 
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House of Representatives, the President of the Senate, and the 
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Minority Leader of the Senate.