![]() ![]() ![]() Future general assemblies will be allowed to tax the same dollar of income over and over. The amendment also repeals a critical taxpayer protection: the constitutional ban of more than a single tax on income.As a result, voters will be asked in the upcoming 2020 election whether Illinois should amend the constitution to move from a flat tax income to a progressive income tax. In May 2019, the legislature approved a ballot referendum question calling for a constitutional amendment to change Illinois’ constitution from a flat income tax to a progressive income tax.A graduated income tax allows legislators to determine different rates for both individuals and corporations based on income earned. The Illinois Constitution currently requires a flat state income tax which means all individuals pay the same rate, currently 4.95%, and all corporations pay the same rate, currently 7%.On behalf of our members and businesses throughout the state, the Illinois Chamber is dedicated to providing information, resources and advocacy to help fight the constitutional amendment that would overturn our current fair flat income tax. ![]()
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