INCOME TAX RATES Senate SponsorsSen. Michael W. Frerichs-Kwame Raoul-Don Harmon-Heather Steans-Mattie Hunter and Jacqueline Y. Collins 4/29/2008SenateThird Reading - Lost; 019-035-001 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.Senate Floor Amendment No. 2 Deletes a provision of the resolution providing that income taxes may be imposed at a graduated rate. Removes a provision of the Revenue Article of the Illinois Constitution providing that income taxes shall be at a non-graduated rate. 4/9/2008SenateFiled with Secretary 4/9/2008SenateReferred to Rules 4/10/2008SenateAssigned to Executive 4/10/2008SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul 4/10/2008SenateAdded as Chief Co-Sponsor Sen. Don Harmon 4/15/2008SenateAdded as Chief Co-Sponsor Sen. Heather Steans 4/16/2008SenateBe Adopted Executive; 007-005-001 4/16/2008SenatePlaced on Calendar Order of First Reading Constitutional Amendments 4/16/2008SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Kwame Raoul 4/16/2008SenateSenate Floor Amendment No. 1 Referred to Rules 4/16/2008SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 4/16/2008SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Kwame Raoul 4/16/2008SenateSenate Floor Amendment No. 2 Referred to Rules 4/16/2008SenateSenate Floor Amendment No. 2 Be Approved for Consideration Rules 4/16/2008SenateSenate Floor Amendment No. 2 Adopted; Raoul 4/16/2008SenateRead in Full a First Time - As Amended 4/16/2008SenatePlaced on Calendar Order of 2nd Reading April 17, 2008; Constitutional Amendments 4/17/2008SenateRead in Full a Second Time - As Amended 4/17/2008SenatePlaced on Calendar Order of 3rd Reading April 29, 2008; Constitutional Amendments 4/29/2008SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins 4/29/2008SenateRead in Full a Third Time - As Amended 4/29/2008SenateSenator Cronin seeks inquiry of the Chair to determine how many votes are required. 4/29/2008SenateChair replies 3/5's are needed. 4/29/2008Senate3/5 Vote Required 4/29/2008SenateThird Reading - Lost; 019-035-001 4/29/2008SenateSenate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)