Overcast
64°FOvercastFull Forecast

Illinois House passes 'Millionaires Tax' proposal

Published: Friday, May 23, 2014 11:47 p.m. CDT • Updated: Friday, May 23, 2014 11:48 p.m. CDT

SPRINGFIELD – 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 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.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Reader Poll

How many times will you visit a haunted attraction this fall?
One or two
Three or four
Five or six
Seven or more
Zero