INCOME TAX RATES
Summary
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.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2013
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2013
Last action Jan 13, 2015
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
4
Jan 13, 2015
Senate · Failed
Session Sine Die
Apr 3, 2014
Senate · Reported by committee
Postponed in Executive Subcommittee on Constitutional Amendments
Mar 28, 2014
Senate · Reported by committee
To Subcommittee on Constitutional Amendments
Mar 28, 2014
Senate · Referred to committee
Assigned to Executive
Feb 15, 2013
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Kwame Raoul
DDemocratic
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