96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SENATE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
SC0101


 
Introduced 2/11/2010, by Sen. Michael W. Frerichs
 
SYNOPSIS AS INTRODUCED:
 		








  



ILCON Art. IX, Sec. 3







    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.
















LRB096 20814 HLH 36579 e

















 


 


A BILL FOR









 











SC0101

LRB096 20814 HLH 36579 e






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SENATE JOINT RESOLUTION


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CONSTITUTIONAL AMENDMENT


 

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

 
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ARTICLE IX  
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REVENUE





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    (ILCON Art. IX, Sec. 3)


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SECTION 3. LIMITATIONS ON INCOME TAXATION 

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

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    (b) Laws imposing taxes on or measured by income may adopt 
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by
reference provisions of the laws and regulations of the 
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United States,
as they then exist or thereafter may be changed, 
 


 






SC0101
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for the purpose of
arriving at the amount of income upon which 
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the tax is imposed.

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(Source: Illinois Constitution.)



 

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SCHEDULE


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    This Constitutional Amendment takes effect upon being 
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declared adopted in accordance with Section 7 of the Illinois 
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Constitutional Amendment Act.