Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Synopsis As Introduced
Proposes to amend the Education Article of the Illinois Constitution. Provides that beginning on January 1 of the year following adoption of the constitutional amendment, a surtax on or measured by income at a rate of 3% shall be levied annually on that portion of the income of individuals that exceeds $250,000. Provides that all receipts shall be deposited into the Education and Permanent Property Tax Relief Trust Fund. Provides that on July 1 of each year, 50% of the public funds in the Trust Fund shall be distributed in equal amounts to every taxpayer who is an owner-occupier of residential real property in the State and the other 50% shall be distributed equally on a per student basis to improve education in public schools through the secondary level. Effective upon being declared adopted in accordance with Section 7 of the Illinois Constitutional Amendment Act.

Actions 

Date	Chamber	Action
2/26/2003	Senate	Filed with Secretary
2/26/2003	Senate	Referred to Rules
3/12/2003	Senate	Assigned to Executive
3/27/2003	Senate	Postponed - Executive
4/1/2004	Senate	Added as Chief Co-Sponsor Sen. Edward D. Maloney
4/21/2004	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. M. Maggie Crotty
4/21/2004	Senate	Senate Committee Amendment No. 1 Referred to Rules
1/11/2005	Senate	Session Sine Die

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