Bill Text: IL SJRCA0005 | 2011-2012 | 97th General Assembly | Introduced

---

Bill Title: Proposes to amend the Revenue Article of the Illinois Constitution. Removes a provision that provides that a tax on income shall be measured at a non-graduated rate. Provides that, for any income 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SJRCA0005 Detail]

Download: Illinois-2011-SJRCA0005-Introduced.html

---

97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SENATE JOINT RESOLUTION CONSTITUTIONAL AMENDMENT SC0005 Introduced 2/8/2011, by Sen. Kwame Raoul SYNOPSIS AS INTRODUCED:
ILCON Art. IX, Sec. 3
Proposes to amend the Revenue Article of the Illinois Constitution. Removes a provision that provides that a tax on income shall be measured at a non-graduated rate. Provides that, for any income 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.
LRB097 06582 HLH 46667 e
A BILL FOR
SC0005 LRB097 06582 HLH 46667 e
SENATE JOINT RESOLUTION
CONSTITUTIONAL AMENDMENT
RESOLVED, BY THE SENATE OF THE NINETY-SEVENTH GENERAL
ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES
CONCURRING HEREIN, that there shall be submitted to the
electors of the State for adoption or rejection at the general
election next occurring at least 6 months after the adoption of
this resolution a proposition to amend Section 3 of Article IX
of the Illinois Constitution as follows:
ARTICLE IX
REVENUE
(ILCON Art. IX, Sec. 3)
SECTION 3. LIMITATIONS ON INCOME TAXATION
(a) A tax on or measured by income shall be at a
non-graduated rate. At any one time there may be no more than
one income such tax imposed by the State for State purposes on
individuals and one such tax so imposed on corporations. 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.
(b) Laws imposing taxes on or measured by income may adopt
by reference provisions of the laws and regulations of the
United States, as they then exist or thereafter may be changed,

SC0005 - 2 - LRB097 06582 HLH 46667 e
for the purpose of arriving at the amount of income upon which
the tax is imposed.
(Source: Illinois Constitution.)
SCHEDULE
This Constitutional Amendment takes effect upon being
declared adopted in accordance with Section 7 of the Illinois
Constitutional Amendment Act.