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Proposes to amend the Revenue Article of the Illinois Constitution. Provides that an additional income tax shall be imposed on individuals in an amount equal to 3% of the portion of the individual's income that is greater than $1,000,000 for the taxable year. Provides that the revenue collected from the tax shall be used to provide property tax relief. Effective upon being declared adopted.
Introduced
Feb 18, 2026
Last Action
Feb 19, 2026
Session
IL 104th
Sponsors
1 primary · 0 co
Read in Full a First Time
Referred to Rules Committee
Filed with the Clerk by Rep. La Shawn K. Ford
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Referred to Rules Committee
La Shawn K. Ford