Illinois General Assembly - Full Text of HJRCA0059
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Full Text of HJRCA0059  99th General Assembly

HC0059eng 99TH GENERAL ASSEMBLY



  

 


 
HC0059 EngrossedLRB099 21356 RJF 47210 e

1
HOUSE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT

 
3    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
4NINETY-NINTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE
5SENATE CONCURRING 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 the Illinois
9Constitution by changing Section 3 of Article IX 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 may be imposed by law
15shall be at a non-graduated rate. At any one time there may be
16no more than one such tax imposed by the State for State
17purposes on individuals and one such tax so imposed on
18corporations. In any such tax imposed upon corporations the
19rate shall not exceed the rate imposed on individuals by more
20than a ratio 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,

 

 

HC0059 Engrossed- 2 -LRB099 21356 RJF 47210 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.