INCOME TAX RATES House SponsorsRep. William Davis-Barbara Flynn Currie-Julie Hamos-Kathleen A. Ryg-Arthur L. Turner, Kurt M. Granberg, Karen A. Yarbrough, Al Riley and Greg Harris 5/4/2008HouseTabled Pursuant to Rule 46 ILCON Art. IX, Sec. 3 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 weighted average rate imposed on individuals by more than a ratio of 8 to 5. Effective upon being declared adopted. 4/10/2008HouseFiled with the Clerk by Rep. William Davis 4/10/2008HouseAdded Chief Co-Sponsor Rep. Barbara Flynn Currie 4/10/2008HouseAdded Chief Co-Sponsor Rep. Julie Hamos 4/10/2008HouseAdded Chief Co-Sponsor Rep. Kathleen A. Ryg 4/10/2008HouseAdded Chief Co-Sponsor Rep. Arthur L. Turner 4/10/2008HouseAdded Co-Sponsor Rep. Kurt M. Granberg 4/10/2008HouseAdded Co-Sponsor Rep. Karen A. Yarbrough 4/10/2008HouseAdded Co-Sponsor Rep. Al Riley 4/10/2008HouseAdded Co-Sponsor Rep. Greg Harris 4/10/2008HouseRead in Full a First Time 4/10/2008HouseReferred to Rules Committee 5/4/2008HouseTabled Pursuant to Rule 46