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Home > Illinois > HJRCA0043
Chief Sponsor:

William Davis

Tagged in: Corporations, Tax

Latest Update: Friday, November, 21st 2008

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INCOME TAX RATES

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 weighted average rate imposed on individuals by more than a ratio of 8 to 5. Effective upon being declared adopted.
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Latest Actions
  • 05/04/2008 - Tabled Pursuant to Rule 46
  • 04/10/2008 - Filed with the Clerk by Rep. William Davis
  • 04/10/2008 - Added Chief Co-Sponsor Rep. Barbara Flynn Currie
  • 04/10/2008 - Added Chief Co-Sponsor Rep. Julie Hamos
  • 04/10/2008 - Added Chief Co-Sponsor Rep. Kathleen A. Ryg

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Bill Text
File name Last Updated
HJRCA0043 Bill Text Introduced PDF04/10/2008