The resolution serves as a formal position against proposals that could shift Illinois from its established flat income tax to a potentially more complex graduated system. If passed, it would reinforce existing constitutional provisions that maintain the current tax structure and limit lawmakers' ability to adjust tax rates based on income levels. This could protect taxpayers from potential increases in tax liabilities, especially for middle and lower-income residents, preserving the flat-rate system that many constituents prefer.
Summary
HR0130 is a House Resolution aimed at opposing the introduction of a graduated income tax in Illinois. The resolution highlights that the state's constitution currently mandates a flat-rate income tax and emphasizes that this flat-rate system was reaffirmed by voters in a 2020 referendum, which overwhelmingly rejected a proposal to amend the constitution and allow graduated tax rates. Supporters of HR0130 argue that the proposed change would undermine the stability of the state's tax system and could lead to unforeseen consequences for taxpayers, potentially opening the door for politicians to impose multiple tax rates on different income levels.
Contention
Notable points of contention regarding HR0130 include dissenting opinions from proponents of the graduated income tax, who argue that such a system could lead to a fairer distribution of the tax burden based on individuals' ability to pay. Critics of the resolution assert that maintaining a flat tax is regressive and disproportionately impacts lower-income citizens. Additionally, the resolution indicates a broader political division in Illinois regarding tax policy and fiscal responsibility, wherein some lawmakers are pushing for flexibility in tax rates to address budgetary needs.
Allows gross income deduction for all wage income received by high school and college graduates during two consecutive taxable years following graduation from in-State school.
Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.
Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.
(Constitutional Amendment) Provides for the election of constitutional convention delegates and vote requirements necessary for the adoption of a new constitution (RR SEE FISC NOTE GF EX)
(Constitutional Amendment) Modifies disposition of certain state revenues through repeal of the Revenue Stabilization Trust Fund and deposits of certain revenue streams into the Budget Stabilization Fund (RRF INCREASE GF RV See Note)
(Constitutional Amendment) Provides relative to the application of state monies to the unfunded accrued liability of the Teachers' Retirement System of La. (EN DECREASE SD RV See Note)
Proposing An Amendment To Article Xvii, Section 3 Of The Hawaii Constitution To Specify That The Standard For Voter Approval Of A Constitutional Amendment Proposed By The Legislature Is A Majority Of All The Votes Tallied Upon The Question.