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Illinois House puts final stamp on graduated tax language


The language of the graduated income tax ballot measure is finalized after the House joined the Senate in approving it Friday.
 
It will read: “The proposed amendment grants the State authority to impose higher income tax rates on higher income levels, which is how the federal government and a majority of other states do it. The amendment would remove the portion of the Revenue Article of the Illinois Constitution that is sometimes referred to as the 'flat tax,' that requires all taxes on income to be at the same rate. The amendment does not itself change tax rates. It gives the State the ability to impose higher tax rates on those with higher income levels and lower income tax rates on those with middle or lower income levels. You are asked to decide whether the proposed amendment should become a part of the Illinois Constitution.”
 
Voters will be asked to vote yes to approve it or no to oppose. A majority of those voting in the Nov. 3 general election or three-fifths of those voting on the question will be needed for the measure to become enshrined in Illinois’ Constitution.
 
If it passes, a rate structure already approved by the General Assembly will become law on Jan. 1, 2021, and would replace the current flat tax.
 
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