HomeMy WebLinkAboutRESOLUTION - 29-71 - 4/6/1971 - OPPOSING HOUSE BILL 366RESOLUTION NO. 29-71
WHEREAS, House Bill 366 amends the Income Tax Act lowering
income tax from 22% to 2% and lowers corporate income tax from
4% to 3.2% of such taxpayer's net income for the taxable year.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD
OF TRUSTEES OF THE VILLAGE OF ELK GROVE VILLAGE:
SECTION 1: That the Village of Elk Grove Village is opposed
to House Bill 366, as the passage of this bill would be a serious
financial loss to all municipalities.
SECTION 2: That the Village of Elk Grove Village believes
the Income Tax Act in its present form is a fair and equitable
method of taxation for all citizens of Illinois and eliminates a
tax burden for the real estate owner.
SECTION
3:
That
House
Bill
366
be defeated.
SECTION
4:
That
copies
of
this
resolution be distributed
appropriate members of the 77th General Assembly and the Governor
of the State of Illinois.
SECTION 5: That this resolution shall be in full force and
effect from and after its passage and approval according to law.
PASSED this 6th _ day of April , 1971,
APPROVED this 6th _ day of April , 1971.
ATTEST:
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Acting,V;IIage Clerk