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Madigan to reintroduce Illinois millionaire tax

Published: Thursday, May 22, 2014 1:00 p.m. CST

SPRINGFIELD (AP) — Illinois' powerful House speaker wants to revisit an effort to tax the state's millionaires.

Chicago Democrat Michael Madigan plans to present legislation Thursday that would place a non-binding resolution on the November ballot. The resolution would ask voters if the Illinois Constitution should be amended so a 3 percent surcharge is tacked onto income of more than $1 million.

An earlier legislative effort to amend the constitution failed last month when Madigan was unable to get enough backing in the Democrat controlled House.

Madigan's spokesman says a showing of public support will help build momentum for the proposal in the Legislature.

The Legislature also is considering another non-binding ballot resolution that would ask voters if they support a hike in the state's minimum wage.

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The bill is HB3816.

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 This material may not be published, broadcast, rewritten or redistributed.

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