Illinois General Assembly - Bill Status for HJRCA0043
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 Bill Status of HJRCA0043  95th General Assembly

Short Description:  INCOME TAX RATES

House Sponsors
Rep. William Davis - Barbara Flynn Currie - Julie Hamos - Kathleen A. Ryg - Arthur L. Turner, Kurt M. Granberg, Karen A. Yarbrough, Al Riley and Greg Harris

Last Action
DateChamber Action
  5/4/2008HouseTabled Pursuant to Rule 46
ILCON Art. IX, Sec. 3 

Synopsis As Introduced
Proposes to amend the Revenue Article of the Illinois Constitution. Authorizes a tax on or measured by income to be at a graduated rate (now, all taxes on or measured by income shall be at a non-graduated rate). Provides that, in any such 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.

DateChamber Action
  4/10/2008HouseFiled with the Clerk by Rep. William Davis
  4/10/2008HouseAdded Chief Co-Sponsor Rep. Barbara Flynn Currie
  4/10/2008HouseAdded Chief Co-Sponsor Rep. Julie Hamos
  4/10/2008HouseAdded Chief Co-Sponsor Rep. Kathleen A. Ryg
  4/10/2008HouseAdded Chief Co-Sponsor Rep. Arthur L. Turner
  4/10/2008HouseAdded Co-Sponsor Rep. Kurt M. Granberg
  4/10/2008HouseAdded Co-Sponsor Rep. Karen A. Yarbrough
  4/10/2008HouseAdded Co-Sponsor Rep. Al Riley
  4/10/2008HouseAdded Co-Sponsor Rep. Greg Harris
  4/10/2008HouseRead in Full a First Time
  4/10/2008HouseReferred to Rules Committee
  5/4/2008HouseTabled Pursuant to Rule 46

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