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| | 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:
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| | 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.
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| | SC0005 | | LRB097 06582 HLH 46667 e |
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| 1 | | SENATE JOINT RESOLUTION
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| 2 | | CONSTITUTIONAL AMENDMENT
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| 3 | | RESOLVED, BY THE SENATE OF THE NINETY-SEVENTH GENERAL |
| 4 | | ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES |
| 5 | | CONCURRING HEREIN, that there shall be submitted to the |
| 6 | | electors of the State for adoption or rejection at the general |
| 7 | | election next occurring at least 6 months after the adoption of |
| 8 | | this resolution a proposition to amend Section 3 of Article IX |
| 9 | | of the Illinois Constitution as follows:
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| 10 | | ARTICLE IX |
| 11 | | REVENUE
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| 12 | | (ILCON Art. IX, Sec. 3)
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| 13 | | SECTION 3. LIMITATIONS ON INCOME TAXATION
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| 14 | | (a) A tax on or measured by income shall be at a |
| 15 | | non-graduated rate. At
any one time there may be no more than |
| 16 | | one income such tax imposed by the State
for State purposes on |
| 17 | | individuals and one such tax so imposed on
corporations. In any |
| 18 | | such tax imposed upon corporations the rate shall
not exceed |
| 19 | | the weighted average rate imposed on individuals by more than a |
| 20 | | ratio of 8 to
5.
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| 21 | | (b) Laws imposing taxes on or measured by income may adopt |
| 22 | | by
reference provisions of the laws and regulations of the |
| 23 | | United States,
as they then exist or thereafter may be changed, |