•May 20, 2020•
By Jerry Nowicki
Capitol News Illinois

State Republican leadership is pushing for a vote in the upcoming legislative session to remove a graduated income tax amendment question from the November general election ballot.
“Times have changed dramatically since this initiative was first put forward,” Senate Minority Leader Bill Brady, R-Bloomington, said Monday in a video news conference. “But never more has our state’s economy been challenged than it will be, and is today.”
But Gov. JB Pritzker has said the revenues anticipated from the graduated income tax – estimated at more than $3.5 billion in its first full fiscal year before the COVID-19 pandemic – are now more important than ever amid uncertainty created by the spread of the virus.
The economic fallout from the pandemic and associated shutdowns has led to projected state revenues for next fiscal year plummeting by billions of dollars. Pritzker said at his news conference Monday that the tax, which would be in effect for only half of the next fiscal year, could bring in more than $1 billion in state revenues.
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