In CommitteeFiled Feb 18, 2026
Sponsor: La Shawn K. Ford (D)
Latest Action
Referred to Rules Committee
Feb 19, 2026
Summary
The amendment would impose an extra 3% tax on the portion of an individual’s net income that exceeds $1 million each year. All revenue from this surtax would be earmarked for property‑tax relief programs. It targets high‑income earners and aims to ease the property‑tax burden for other Illinois residents.
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