10100SC0001 EngrossedLRB101 07606 HLH 52653 e



1
SENATE JOINT RESOLUTION


2
CONSTITUTIONAL AMENDMENT NO. 1
3
(As Amended by Senate Amendment No. 1)


 

4    RESOLVED, BY THE SENATE OF THE ONE HUNDRED FIRST GENERAL 
5ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES 
6CONCURRING HEREIN, that there shall be submitted to the 
7electors of the State for adoption or rejection at the general 
8election next occurring at least 6 months after the adoption of 
9this resolution a proposition to amend Section 3 of Article IX 
10of the Illinois Constitution as follows: 

 

11
ARTICLE IX 


12
REVENUE






13    (ILCON Art. IX, Sec. 3)


14SECTION 3. LIMITATIONS ON INCOME TAXATION 

15    (a) The General Assembly shall provide by law for the rate 
16or rates of any tax on or measured by income imposed by the 
17State. A tax on or measured by income shall be at a 
18non-graduated rate. At
any one time there may be no more than 
19one such tax imposed by the State
for State purposes on 
20individuals and one such tax so imposed on
corporations. In any 
21such tax imposed upon corporations the highest rate shall
not 
22exceed the highest rate imposed on individuals by more than a 
23ratio of 8 to
5.

 
 
10100SC0001 Engrossed- 2 -LRB101 07606 HLH 52653 e

1    (b) Laws imposing taxes on or measured by income may adopt 
2by
reference provisions of the laws and regulations of the 
3United States,
as they then exist or thereafter may be changed, 
4for the purpose of
arriving at the amount of income upon which 
5the tax is imposed.

6(Source: Illinois Constitution.)



 

7
SCHEDULE


8    This Constitutional Amendment takes effect upon being 
9declared adopted in accordance with Section 7 of the Illinois 
10Constitutional Amendment Act.