97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SENATE JOINT RESOLUTION CONSTITUTIONAL AMENDMENT
SC0005

 

Introduced 2/8/2011, by Sen. Kwame Raoul

 

SYNOPSIS AS INTRODUCED:
 
ILCON Art. IX, Sec. 3

    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.


LRB097 06582 HLH 46667 e

 

SC0005LRB097 06582 HLH 46667 e

1
SENATE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT

 
3    RESOLVED, BY THE SENATE OF THE NINETY-SEVENTH GENERAL
4ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES
5CONCURRING HEREIN, that there shall be submitted to the
6electors of the State for adoption or rejection at the general
7election next occurring at least 6 months after the adoption of
8this resolution a proposition to amend Section 3 of Article IX
9of the Illinois Constitution as follows:
 
10
ARTICLE IX
11
REVENUE

12    (ILCON Art. IX, Sec. 3)
13SECTION 3. LIMITATIONS ON INCOME TAXATION
14    (a) A tax on or measured by income shall be at a
15non-graduated rate. At any one time there may be no more than
16one income such tax imposed by the State for State purposes on
17individuals and one such tax so imposed on corporations. In any
18such tax imposed upon corporations the rate shall not exceed
19the weighted average rate imposed on individuals by more than a
20ratio of 8 to 5.
21    (b) Laws imposing taxes on or measured by income may adopt
22by reference provisions of the laws and regulations of the
23United States, as they then exist or thereafter may be changed,

 

 

SC0005- 2 -LRB097 06582 HLH 46667 e

1for the purpose of arriving at the amount of income upon which
2the tax is imposed.
3(Source: Illinois Constitution.)
 
4
SCHEDULE
5    This Constitutional Amendment takes effect upon being
6declared adopted in accordance with Section 7 of the Illinois
7Constitutional Amendment Act.