10100SC0001 EnrolledLRB101 07606 HLH 52653 e



1
SENATE JOINT RESOLUTION


2
CONSTITUTIONAL AMENDMENT NO. 1


 

3    RESOLVED, BY THE SENATE OF THE ONE HUNDRED FIRST GENERAL 
4ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES 
5CONCURRING HEREIN, that there shall be submitted to the 
6electors of the State for adoption or rejection at the general 
7election next occurring at least 6 months after the adoption of 
8this resolution a proposition to amend Section 3 of Article IX 
9of the Illinois Constitution as follows: 

 

10
ARTICLE IX 


11
REVENUE






12    (ILCON Art. IX, Sec. 3)


13SECTION 3. LIMITATIONS ON INCOME TAXATION 

14    (a) The General Assembly shall provide by law for the rate 
15or rates of any tax on or measured by income imposed by the 
16State. A tax on or measured by income shall be at a 
17non-graduated rate. At
any one time there may be no more than 
18one such tax imposed by the State
for State purposes on 
19individuals and one such tax so imposed on
corporations. In any 
20such tax imposed upon corporations the highest rate shall
not 
21exceed the highest rate imposed on individuals by more than a 
22ratio of 8 to
5.

23    (b) Laws imposing taxes on or measured by income may adopt 
 
 
10100SC0001 Enrolled- 2 -LRB101 07606 HLH 52653 e

1by
reference provisions of the laws and regulations of the 
2United States,
as they then exist or thereafter may be changed, 
3for the purpose of
arriving at the amount of income upon which 
4the tax is imposed.

5(Source: Illinois Constitution.)



 

6
SCHEDULE


7    This Constitutional Amendment takes effect upon being 
8declared adopted in accordance with Section 7 of the Illinois 
9Constitutional Amendment Act.