Bill Status of HJRCA0028 100th General Assembly
Short Description: REVENUE-EDUCATION
Rep. Thaddeus Jones
|ILCON Art. IX, Sec. 11 new|| |
Synopsis As Introduced
Proposes to amend the Revenue Article of the Illinois Constitution. Provides that an additional income tax shall be imposed on individuals in an amount equal to 4.75% of the portion of the individual's income that is greater than $650,000 for the taxable year. Provides that all revenue collected pursuant to this Section shall be distributed equally between: (i) the Illinois Criminal Justice Information Authority, to implement crime free zones directly or by grant; (ii) the Department of State Police, to hire retired police officers to work in crime free zones as community liaisons; and (iii) the Department of Commerce and Economic Opportunity, to invest in businesses and enhance employment opportunities in neighborhoods where 50% or more of the population are at or below the Federal Poverty Level. Effective upon being declared adopted.