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IL - SB0009

Senate tax hike proposal

Would increase the personal income tax rate by 32 percent to 4.95 percent from 3.75 percent. Would increase the corporate income tax 33 percent to 7 percent from 5.25 percent. Would impose a statewide penny-per-ounce tax on bottled sugar-sweetened beverages, syrups or powders sold or offered for sale to a retailer for sale to a consumer.
Introduced on Jan 12, 2017