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Full Text of HJRCA0014  93rd General Assembly

HJRCA0014 93rd General Assembly


093_HC0014

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 1                       HOUSE JOINT RESOLUTION
 2                      CONSTITUTIONAL AMENDMENT

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

10                             ARTICLE IX
11                               REVENUE

12         (ILCON Art. IX, Sec. 3)
13    SECTION 3. LIMITATIONS ON INCOME TAXATION
14        (a)  A tax on  or  measured  by  income  shall  be  at  a
15    non-graduated rate. At any one time there may be no more than
16    one  such  tax  imposed  by  the  State for State purposes on
17    individuals and one such tax so imposed on  corporations.  In
18    any  such  tax  imposed  upon corporations the rate shall not
19    exceed the rate imposed on individuals by more than  a  ratio
20    of 8 to 5.
21        (b)  Laws  imposing  taxes  on  or measured by income may
22    adopt by reference provisions of the laws and regulations  of
23    the  United  States,  as they then exist or thereafter may be
24    changed, for the purpose of arriving at the amount of  income
25    upon which the tax is imposed.
26        (c)  Whenever  the Illinois General Assembly enacts a tax
27    on or measured by income, at least one-tenth of  the  revenue
28    proceeds  of  any  such tax received by the State of Illinois
29    shall be distributed  to  municipalities  and  counties.  The
30    distribution  shall  be  made  on  a  per capita basis giving
31    effect to the most recent decennial census, with each  county
32    being  entitled to an allocation based upon the population of
 
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 1    its unincorporated areas.
 2    (Source: Illinois Constitution.)

 3                              SCHEDULE
 4        This Constitutional Amendment  takes  effect  upon  being
 5    declared adopted in accordance with Section 7 of the Illinois
 6    Constitutional Amendment Act.