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VERSION:2.0
PRODID:-//ChamberMaster//Event Calendar 2.0//EN
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CALSCALE:GREGORIAN
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201103
DTEND;VALUE=DATE:20201107
TRANSP:TRANSPARENT
X-MICROSOFT-CDO-ALLDAYEVENT:TRUE
SUMMARY:Poll Results: Graduated Income Tax Amendment
DESCRIPTION:The Graduated Income Tax Amendment is on the November 3\, 2020 ballot.\n\n \n\nThe proposed amendment grants the State authority to impose different income tax rates on different levels of income. \n\n \n\nThe amendment would remove the portion of the Revenue Article of the Illinois Constitution that is sometimes referred to as the "flat tax\," which requires all taxes on income be at the same rate. The amendment does not itself change tax rates. It gives the State the ability to impose higher tax rates on those with higher income levels and lower tax rates on those with middle or lower income levels. You can view the proposed tax brackets and rates here.\n\n\n\nAs of 2019\, 32 of the 50 states have a graduated income tax. If approved\, the new rates will begin January 1\, 2021.
X-ALT-DESC;FMTTYPE=text/html:<img alt="" height="281" src="https://chambermaster.blob.core.windows.net/userfiles/UserFiles/chambers/771/Image/GraduatedIncomeTaxpollresults.png" style="width: 500px\; height: 281px\;" width="500" />\n<div font-size:="" helvetica="" style="font-family: National2\, "><span style="font-size:14px\;">The&nbsp\;<a data-mce-href="https://ballotpedia.org/Illinois_Allow_for_Graduated_Income_Tax_Amendment_(2020)" href="https://ballotpedia.org/Illinois_Allow_for_Graduated_Income_Tax_Amendment_(2020)" style="color: rgb(0\, 127\, 170)\;" target="_blank">Graduated Income Tax Amendment</a>&nbsp\;is on the November 3\, 2020 ballot.</span></div>\n\n<div font-size:="" helvetica="" style="font-family: National2\, ">&nbsp\;</div>\n\n<div font-size:="" helvetica="" style="font-family: National2\, "><span style="font-size:14px\;">The proposed amendment grants the State authority to impose different income tax rates on different&nbsp\;levels of income.&nbsp\;</span></div>\n\n<div font-size:="" helvetica="" style="font-family: National2\, ">&nbsp\;</div>\n\n<div font-size:="" helvetica="" style="font-family: National2\, "><span style="font-size:14px\;">The amendment would remove the portion of the Revenue Article of the Illinois Constitution that is sometimes referred to as the &quot\;flat tax\,&quot\; which requires all taxes on income be at the same rate. The amendment does not itself change tax rates. It gives the State the ability to impose higher tax rates on those with higher income levels and lower tax rates on those with middle or lower income levels. You can view the proposed tax brackets and rates&nbsp\;<a data-mce-href="https://ballotpedia.org/Illinois_Allow_for_Graduated_Income_Tax_Amendment_(2020)#Senate_Bill_687_.282019.29" href="https://ballotpedia.org/Illinois_Allow_for_Graduated_Income_Tax_Amendment_(2020)#Senate_Bill_687_.282019.29" style="color: rgb(0\, 127\, 170)\;" target="_blank">here</a>.<br />\n<br />\nAs of 2019\, 32 of the 50 states have a graduated income tax. If approved\, the&nbsp\;new rates will begin January 1\, 2021.&nbsp\;</span></div>\n
LOCATION:
UID:e.771.3524
SEQUENCE:3
DTSTAMP:20260420T071626Z
URL:https://business.kankakeecountychamber.com/events/details/poll-results-graduated-income-tax-amendment-3524
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