Illinois General Assembly - Bill Status for SJRCA0101
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 Bill Status of SJRCA0101  96th General Assembly

Short Description:  INCOME TAX RATES

Senate Sponsors
Sen. Michael W. Frerichs

Last Action
DateChamber Action
  1/12/2011SenateSession Sine Die
ILCON Art. IX, Sec. 3 


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 
DateChamber Action
  2/11/2010SenateFiled with Secretary
  2/11/2010SenateReferred to Assignments
  1/12/2011SenateSession Sine Die

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