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Illinois House approves ‘millionaires tax’ proposal

Published: Saturday, May 24, 2014 1:15 a.m. CDT

SPRINGFIELD (AP) – 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 Michael 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. The measure now heads to the Senate.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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