State Fair Tax
In 2019, the Illinois General Assembly passed legislation to place a graduated income tax referendum, formally titled the “All for Graduated Income Tax Amendment,” on the ballot for the November 2020 election. Known as the Illinois Fair Tax proposal, it would require a constitutional amendment to change the state income tax system from a flat tax to a graduated income tax.
The hospital community in Illinois supports the Fair Tax referendum. It will make the Illinois tax code fairer, provide tax relief to the vast majority of Illinoisans while also stabilizing the state’s finances. In the absence of new state revenues, state funding for healthcare and other critical services will be at risk.