HomeMy WebLinkAboutRESOLUTIONS-1979-002-R-79e
12/28/78
2-R-79
A RESOLUTION
In Support of Replacing
the Personal Property Tax
WHEREAS, the Illinois Constitution Article IX Section 5c requires
the replacement of the Personal Property Tax on or before January 1, 1979,
and
WHEREAS, on November 7, 1978 the voters did not amend Article IX
Section 5c of the constitution, and thus this Article is still in effect,
and
•
WHEREAS, the most viable legislative bill introduced during the
80th Illinois General Assembly was House Bill 2418, which proposed to re-
place the personal property tax by taxing 2-1/2% additional income tax on
corporations, 1-1/2% additional income tax on partnerships and trusts, and
1-1/2% additional tax on gross receipts of public utility companies, and
WHEREAS, House Bill 2418 was not enacted into law by the 80th
General Assembly, and
WHEREAS, the personal property tax replacement subject is of ut-
most importance to local units of government, and
WHEREAS, the City of Evanston, City Council and the Evanston
Town Board of Auditors is in favor of a personal property replacement
mechanism.
NOW THEREFORE BE IT RESOLVED, that the Evanston City Council and
• the Evanston Town Board of Auditors strongly urges the 81st Illinois
2-R-79
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General Assembly to set as a priority the personal property replacement
mechanism utilizing a similar bill to House Bill 2418, which in addition
to the concepts contained therein would include the mechanism for allowing
revenue growth of these taxes, and a mechanism for considering the tax,
a local tax, so as to not affect the General Revenue Sharing monies
currently available to local units of governemnt.
w
Town B rd Auditors a
ATTEST:
/�'• A-Z
City Clerk
Adopted: 1978.
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