House puts final stamp on graduated tax language

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 [...]