Bill Status of SJRCA 101 96th General Assembly
Short Description: INCOME TAX RATES
Senate Sponsors
Sen. Michael W. Frerichs
Last Action View All ActionsDate | Chamber | Action |
1/12/2011 | Senate | Session Sine Die |
Synopsis As Introduced
Proposes to amend the Revenue Article of the Illinois Constitution. Removes a provision that provides that a tax on income shall be measured at a non-graduated rate. Provides that, for any income tax imposed upon corporations, the rate shall not exceed the weighted average rate imposed on individuals by more than a ratio of 8 to 5. Effective upon being declared adopted.
Actions
Date | Chamber | Action |
2/11/2010 | Senate | Filed with Secretary | 2/11/2010 | Senate | Referred to Assignments | 1/12/2011 | Senate | Session Sine Die |