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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 the General Assembly shall provide by law for the rate or rates of any tax on or measured by income imposed by the State (currently, there may be no more than one such tax imposed by the State on individuals and one such tax so imposed on corporations). Provides that the highest rate of tax imposed on corporations may not exceed the highest rate imposed on individuals by more than a ratio of 8 to 5. Effective upon being declared adopted.
Introduced
May 1, 2025
Last Action
May 1, 2025
Session
IL 104th
Sponsors
1 primary · 27 co
Filed with the Clerk by Rep. Abdelnasser Rashid
Added Chief Co-Sponsor Rep. Kam Buckner
Added Chief Co-Sponsor Rep. Theresa Mah
Added Chief Co-Sponsor Rep. Justin Slaughter
Added Chief Co-Sponsor Rep. Norma Hernandez
Added Co-Sponsor Rep. Lilian Jiménez
Added Co-Sponsor Rep. Jehan Gordon-Booth
Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
Added Co-Sponsor Rep. Anna Moeller
Added Co-Sponsor Rep. Debbie Meyers-Martin
Added Co-Sponsor Rep. Will Guzzardi
Added Co-Sponsor Rep. William "Will" Davis
Added Co-Sponsor Rep. Kelly M. Cassidy
Added Co-Sponsor Rep. Anne Stava
Added Co-Sponsor Rep. Sonya M. Harper
Added Co-Sponsor Rep. Diane Blair-Sherlock
Added Co-Sponsor Rep. Carol Ammons
Added Co-Sponsor Rep. Aarón M. Ortíz
Added Co-Sponsor Rep. Hoan Huynh
Added Co-Sponsor Rep. Lisa Davis
Added Co-Sponsor Rep. Kevin John Olickal
Added Co-Sponsor Rep. Edgar González, Jr.
Added Co-Sponsor Rep. Michael Crawford
Added Co-Sponsor Rep. Lindsey LaPointe
Added Co-Sponsor Rep. Nicolle Grasse
Added Co-Sponsor Rep. Barbara Hernandez
Added Co-Sponsor Rep. Marcus C. Evans, Jr.
Added Co-Sponsor Rep. Nicholas K. Smith
Read in Full a First Time
Referred to Rules Committee
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Referred to Rules Committee
William "Will" Davis
Kelly M. Cassidy
Sonya M. Harper
Aarón M. Ortíz
Kevin John Olickal
Edgar González, Jr.
Michael Crawford
Marcus C. Evans, Jr.
Nicholas K. Smith
Jaime M. Andrade, Jr.