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. Pritzker hailed the vote as “a giant leap forward for the middle class.”
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.
Read more from the Chicago Tribune here.
Makes no difference if you hit this ridiculous threshold or not because the people of Illinois are screwed. Leave if you can…they have run out of money and will only hunger for more.