INCOME TAX RATES
Summary
Proposes to amend the Revenue Article of the Illinois Constitution. Authorizes a tax on or measured by income to be at a graduated rate (now, all taxes on or measured by income shall be at a non-graduated rate). Provides that, in any such tax imposed upon corporations, the rate shall not exceed the average rate imposed on individuals by more than a ratio of 8 to 5. Effective upon being declared adopted.
Bill status
failed
1 of 4 stages cleared
Introduction
Apr 2008
Committee Review
Floor Vote
Governor
Introduced Apr 2, 2008
Last action Jan 13, 2009
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
1
Jan 13, 2009
Senate · Failed
Session Sine Die
Apr 2, 2008
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Michael W. Frerichs
DDemocratic
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