Graduated Tax

Images
State of Illinois

Governor JB Pritzker is signing the new 40 billion dollar budget into law, saying it will get the state on better fiscal footing.

He says it includes more money for education, social services like mental health treatment, more college MAP grants and dollars to chip away at the state’s bill backlog.

Illinois lawmakers have approved a plan that could change how Illinois taxes income.   In the nearly 40 years the state has had an income tax, it’s been a flat tax.  That means no matter how much you earn, you pay the same percentage.

Now, Governor J.B. Pritzker and other advocates of a graduated tax say it’s time for a new approach.  

Illinois voters will get to decide the future of the state’s income tax. Democrats on Monday approved a measure to put a graduated income tax on the ballot next fall.

Illinois Gov. J.B. Pritzker tried to convince business groups Wednesday to accept his graduated income tax plan. 

The Illinois Senate is moving the state closer to a major overhaul of its tax system.

Senate Democrats approved a constitutional amendment that would change Illinois’ flat income tax to one that’s graduated — where the wealthy pay more.

A proposal to overhaul Illinois’ income tax took another step forward Wednesday. The graduated income tax easily cleared an early hurdle — passage by the Senate Executive Committee.

Illinois Governor J.B. Pritzker said Thursday he’s confident the legislature will approve a graduated income tax.

A new study looked into a graduated income tax like the one Gov. J.B. Pritzker is touting for Illinois.

Governor J-B Pritzker says he wants taxpayers to see for themselves how they would do under his fair tax proposal.

Governor Pritzker says 97 percent of Illinoisans will see some relief under his graduated income tax plan. He says a new online calculator will give people an idea of just how much they will save.

A statewide survey shows support for changing Illinois’ income tax structure.   But opposition remains and there are plenty of hurdles to clear before it could become a reality.  

Illinois House Republicans are lashing out at a Democratic suggestion that the state should adopt a graduated income tax.

Minority Leader Jim Durkin said Tuesday his resolution opposing increased rates on higher levels of income is a protest against what he calls the ``customary practice of the General Assembly: Spend now, pay later.''

A plan to move Illinois to a graduated income tax is dead.

Wednesday was the final scheduled day for lawmakers to advance it. Instead, the Illinois House adjourned without taking a vote.

Illinois is one of only eight states with a flat income tax. The reasons can be traced to the state’s first-ever successful attempt at putting an income tax in place.  

An effort to change the current tax structure is underway, but supporters face a fast-approaching deadline.