WGIL News Audio: 7am News, Sports and Obits click HERE | For the latest WGIL news click HERE

Illinois House Passes “Millionaires Tax” Proposal

WGIL Newsroom . State News 113

SPRINGFIELD, Ill. (AP) — A renewed effort to tax the state’s millionaires has passed the Illinois House.

The chamber Friday approved the legislation sponsored by Democratic House Speaker Michael Madigan by a 64-46 vote. The proposal would place a non-binding resolution on the November ballot asking voters if the Illinois Constitution should be amended to add a 3 percent surcharge to incomes of more than $1 million.

An earlier effort to amend the constitution failed last month when Madigan was unable to get enough backing in the Democrat-controlled House.

Madigan says the initiative will help build support for the proposal in the Legislature next year.

But Republicans say the matter should rest in the hands of the Legislature.

The measure now heads to the Senate.

All AP stories are Copyright 2014 by The Associated Press. All Rights Reserved.

The following provision applies to all visitors (which shall include persons and representatives of legal entities, whether such representatives are persons or digital engines of a kind that crawls, indexes, scrapes, copies, stores or transmits digital content). By accessing this Web site or digital service, you specifically acknowledge and agree that: (i) Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium; (ii) No Associated Press materials nor any portion thereof may be stored in a computer except for personal and non-commercial use; (iii) The Associated Press will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing; (iv) The Associated Press is an intended third party beneficiary of these terms and conditions and it may exercise all rights and remedies available to it; and (v) The Associated Press reserves the right to audit possible unauthorized commercial use of AP materials or any portion thereof at any time.