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IL HR0891

IL HR0891
OPPOSES GRADUATED INCOME TAX


summary

Introduced
03/02/2018
In Committee
03/06/2018
Crossed Over
Passed
Dead
01/08/2019

Introduced Session

100th General Assembly

Bill Summary

States the belief that the Illinois Constitution should not be amended to permit a graduated income tax.

AI Summary

This Resolution expresses the belief that the Illinois Constitution should not be changed to allow for a graduated income tax, which is a system where tax rates increase as income rises. The resolution argues that Illinois's current flat income tax, which has been in place since 1969 and is enshrined in the state's Constitution, provides a more stable and attractive environment for businesses and individuals. It contends that a graduated tax would hinder economic growth, discourage entrepreneurship and job creation, and create uncertainty for taxpayers regarding future tax rates, while a flat tax is seen as more supportive of work, saving, investment, and risk-taking.

Sponsors (28)

Last Action

Session Sine Die (on 01/08/2019)

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