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.