Illinois General Assembly

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 Bill Status of SJRCA0069  95th General Assembly


Short Description:  INCOME TAX RATES

Senate Sponsors
Sen. Michael W. Frerichs - Kwame Raoul - Don Harmon - Jacqueline Y. Collins and M. Maggie Crotty

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die
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 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 highest rate imposed on individuals by more than a ratio of 8 to 5. Deletes provisions limiting to one the number of income taxes for State purposes imposed on corporations. Effective upon being declared adopted.

Actions 
DateChamber Action
  8/2/2007SenateFiled with Secretary
  8/2/2007SenateReferred to Rules
  8/2/2007SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul
  10/3/2007SenateAdded as Co-Sponsor Sen. M. Maggie Crotty
  10/10/2007SenateAdded as Chief Co-Sponsor Sen. Don Harmon
  2/14/2008SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  1/13/2009SenateSession Sine Die

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