Voters to decide whether to OK income tax plan
SPRINGFIELD – In a historic vote, the Illinois House on Monday agreed to ask voters to change the 1970 state constitution by authorizing a graduated-rate tax based on the size of income and repealing the currently mandated flat-rate income tax.
The move came on a 73-44 party-line vote, two votes more than the bare minimum needed for approval. It represented a significant victory for first-term Democratic Gov. J.B. Pritzker, who campaigned for election on the concept of taxing wealthier incomes at a higher rate as part of an overall plan to deal with Illinois’ ailing finances.
The proposed amendment won’t go before voters for ratification until the general election in November 2020. It would require approval from 60% of those voting on the issue, or a majority of those voting in the election, to be adopted.