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Graduated tax amendment clears Senate committee Graduated tax amendment clears Senate committee

Graduated tax amendment clears Senate committee

A constitutional amendment which would allow the state to adopt a graduated income tax is on its way to the full state Senate after clearing committee on party lines Wednesday.

The measure, SJRCA 1, would give the Legislature the authority to tax higher margins of income at higher rates. If three-fifths of each the Illinois House and Senate vote to put the question on the ballot, voters will decide in November 2020 if that authority is granted.

Language filed for graduated income tax amendment, which could pass Senate by end of week Language filed for graduated income tax amendment, which could pass Senate by end of week

Language filed for graduated income tax amendment, which could pass Senate by end of week

Language is filed for a constitutional amendment that would allow the Illinois Legislature to enact a graduated income tax, and the Illinois Senate Executive Committee is scheduled to take up the matter Wednesday. The full text of the amendment reads: “The General Assembly shall provide by law for the rate or rates of any tax on or measured by income imposed by the state. In any such...
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