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Full Text of SJRCA0001  101st General Assembly

SC0001enr 101ST GENERAL ASSEMBLY



 


 
10100SC0001 EnrolledLRB101 07606 HLH 52653 e

1
SENATE JOINT RESOLUTION
2
CONSTITUTIONAL AMENDMENT NO. 1

 
3    RESOLVED, BY THE SENATE OF THE ONE HUNDRED FIRST GENERAL
4ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES
5CONCURRING 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 Section 3 of Article IX
9of the Illinois Constitution as follows:
 
10
ARTICLE IX
11
REVENUE

12    (ILCON Art. IX, Sec. 3)
13SECTION 3. LIMITATIONS ON INCOME TAXATION
14    (a) The General Assembly shall provide by law for the rate
15or rates of any tax on or measured by income imposed by the
16State. A tax on or measured by income shall be at a
17non-graduated rate. At any one time there may be no more than
18one such tax imposed by the State for State purposes on
19individuals and one such tax so imposed on corporations. In any
20such tax imposed upon corporations the highest rate shall not
21exceed the highest rate imposed on individuals by more than a
22ratio of 8 to 5.
23    (b) Laws imposing taxes on or measured by income may adopt

 

 

10100SC0001 Enrolled- 2 -LRB101 07606 HLH 52653 e

1by reference provisions of the laws and regulations of the
2United States, as they then exist or thereafter may be changed,
3for the purpose of arriving at the amount of income upon which
4the tax is imposed.
5(Source: Illinois Constitution.)
 
6
SCHEDULE
7    This Constitutional Amendment takes effect upon being
8declared adopted in accordance with Section 7 of the Illinois
9Constitutional Amendment Act.