Bill Text: IL SR1053 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Opposes any and all efforts by the Trump Administration and Congress to eliminate the state and local tax deduction.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2019-01-09 - Session Sine Die [SR1053 Detail]
Download: Illinois-2017-SR1053-Introduced.html
| |||||||
| |||||||
| |||||||
| 1 | SENATE RESOLUTION
| ||||||
| 2 | WHEREAS, President Donald Trump and Congressional | ||||||
| 3 | Republicans are proposing radical changes
to America's tax | ||||||
| 4 | code; and
| ||||||
| 5 | WHEREAS, The changes President Trump and his Congressional | ||||||
| 6 | allies are discussing would benefit
millionaires and | ||||||
| 7 | billionaires while hurting working families; and
| ||||||
| 8 | WHEREAS, President Trump and Congressional Republicans | ||||||
| 9 | have discussed removing the state and local
deduction, also | ||||||
| 10 | known as SALT, as a way to pay for their proposed tax cuts for | ||||||
| 11 | the wealthy; and
| ||||||
| 12 | WHEREAS, The state and local deduction allows families that | ||||||
| 13 | pay state and local income or sales
tax to deduct those taxes | ||||||
| 14 | from their federal income tax; and
| ||||||
| 15 | WHEREAS, This deduction prevents families from being | ||||||
| 16 | doubled taxed, once by the federal
government and again by the | ||||||
| 17 | state; and
| ||||||
| 18 | WHEREAS, The state and local deduction has broad bipartisan | ||||||
| 19 | support and has been helping
Illinoisans since 1913; and
| ||||||
| |||||||
| |||||||
| 1 | WHEREAS, Illinois has the fifth highest number of taxpayers | ||||||
| 2 | who claim the state and local tax
deduction in the nation; and
| ||||||
| 3 | WHEREAS, Nearly two million Illinois taxpayers claimed | ||||||
| 4 | more than $24 billion in SALT deductions
in 2015, with each | ||||||
| 5 | claiming an average $12,500 in deductions; and
| ||||||
| 6 | WHEREAS, Of Illinoisans who claim a SALT deduction, | ||||||
| 7 | approximately 85% earn less than
$200,000 per year; therefore, | ||||||
| 8 | be it
| ||||||
| 9 | RESOLVED, BY THE SENATE OF THE ONE HUNDREDTH GENERAL | ||||||
| 10 | ASSEMBLY OF THE STATE OF ILLINOIS, that we strongly oppose any | ||||||
| 11 | and all efforts by the Trump Administration and Congress to | ||||||
| 12 | eliminate the state and local deduction; and be it further
| ||||||
| 13 | RESOLVED, That we call upon Governor Rauner to work with | ||||||
| 14 | the Illinois Congressional Delegation to ensure that the State | ||||||
| 15 | and local deduction is not eliminated; and be it further
| ||||||
| 16 | RESOLVED, That suitable copies of this resolution be | ||||||
| 17 | delivered to all members of the Illinois Congressional
| ||||||
| 18 | Delegation.
| ||||||
