Illinois HJRCA0026 proposes a constitutional amendment to impose an additional 3% income tax on individuals earning over $1,000,000 annually, with.
Illinois HJRCA0026 seeks to amend the state constitution by adding a new Section 12, which would impose an additional 3% income tax on individuals earning more than $1,000,000 per year. The revenue generated from this tax would be dedicated to providing property tax relief. The amendment would take effect upon adoption and apply to taxable years beginning after its adoption.
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