Pritzker and Lawmakers Take Next
Step to Make Illinois’ Tax System More Fair
Lawmakers File Legislation to Change
Constitution’s Language to Create a Fair Tax System
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[April 10, 2019]
Governor JB Pritzker and leading members of the General Assembly
announced a major step forward for the fair income tax, as lawmakers
introduced language to amend the state’s Constitution, which
currently requires that all taxpayers pay the same rate, regardless
of their income. Governor Pritzker’s proposed fair income tax would
address the state’s multi-billion-dollar budget deficit by raising
taxes only on those making more than $250,000, who represent only 3%
of taxpayers.
“Working with the General Assembly, my administration is taking an
important next step to change our tax system to be more fair to the
middle class,” said Governor JB Pritzker. “The action we’re taking
today means we are one step closer to giving voters a choice about
whether the wealthy will pay more and 97% of families will pay the
same or less. I’ve said from the beginning that it doesn’t make
sense that I pay the same rate as a teacher or first responder, and
today brings us closer making Illinois’ tax system fair.”
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The amendment would revise the state’s Constitution
as follows:
Illinois
Constitution Article IX, Section 3(a)
|
Current
|
Proposed
|
A tax on or
measured by income shall be at a non-graduated rate. At any
one time there may be no more than one such tax imposed by
the State for State purposes on individuals and one such tax
so imposed on corporations. In any such tax imposed upon
corporations the rate shall not exceed the rate imposed on
individuals by more than a ratio of 8 to 5.
|
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 tax imposed upon corporations the highest rate shall
not exceed the highest rate imposed on individuals by more
than a ratio of 8 to 5. |
As the constitutional amendment moves forward,
Governor Pritzker’s administration is simultaneously continuing
negotiations with the General Assembly over the tax rates, which
would ensure that only those making more than $250,000 a year – only
3% of residents – would pay more in taxes. Additionally, the
governor has proposed increasing the property tax credit by 20% and
creating a child tax credit targeted to working families.
The administration expects that rates will be finalized with
lawmakers this legislative session so that Illinoisans can
understand how the rates would affect their family before voting on
the constitutional amendment. More information is available at
www.illinois.gov/FairTaxCalculator.
[OFFICE OF THE GOVERNOR JB PRITZKER] |