Illinois General Assembly

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 Bill Status of HJRCA0023  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 imposed upon individuals 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 lowest rate imposed on individuals by more than a ratio of 8 to 5. Effective upon being declared adopted.

Actions 
DateChamber Action
  3/8/2007HouseFiled with the Clerk by Rep. William Davis
  3/8/2007HouseRead in Full a First Time
  3/8/2007HouseReferred to Rules Committee
  4/19/2007HouseAdded Co-Sponsor Rep. Barbara Flynn Currie
  2/20/2008HouseAdded Co-Sponsor Rep. Julie Hamos
  2/20/2008HouseAdded Co-Sponsor Rep. Kathleen A. Ryg
  2/28/2008HouseAdded Co-Sponsor Rep. Arthur L. Turner
  2/28/2008HouseAdded Co-Sponsor Rep. Kurt M. Granberg
  4/1/2008HouseAdded Co-Sponsor Rep. Karen A. Yarbrough
  4/1/2008HouseAdded Co-Sponsor Rep. Al Riley
  4/8/2008HouseAdded Co-Sponsor Rep. Greg Harris
  5/4/2008HouseTabled Pursuant to Rule 46

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