Lawmakers return to Capitol after voting to raise taxes
SPRINGFIELD — Illinois lawmakers are back to work after a dramatic vote in the House to increase income taxes by 32 percent.
Attention turns Monday to the Senate, where lawmakers will consider the budget measures approved by the House a day earlier. The tax legislation increases the personal income tax rate from 3.75 percent to just under 5 percent. Corporations would pay 7 percent instead of 5.25 percent.
Republican Gov. Bruce Rauner already promised to veto it.
Also moving to the Senate is a $36 billion spending plan the House OK’d Sunday. It’s about $1 billion less than the spending outline the Senate passed in May.
The House turns its attention to other matters such as a Senate plan to borrow billions of dollars to pay down overdue bills.