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SJR 22

Proposing an amendment to the Oregon Constitution relating to a property tax relief program for the owner-occupied primary residences of certain seniors.

2025 Regular Session Introduced by Daniel Bonham

SJR 22 urges Illinois to raise about 6 billion from ultra-wealthy and big corporations—via higher taxes and closing loopholes—to fund state priorities and reduce inequality.

In committee upon adjournment.
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Bill Summary · SJR 22

Summary — SJR 22: “Tax Revenue Policies” (Illinois, SJ0022)

Status: Introduced as a Senate Joint Resolution urging state revenue action. (Text identifies as SJ0022; a copy of the resolution directs that a suitable copy be delivered to Governor J.B. Pritzker.)

Main purpose

SJR 22 is a non‑binding legislative resolution urging the State of Illinois to raise approximately $6 billion in new revenue from “the ultra‑wealthy and mega‑corporations” and recommending a set of revenue changes (e.g., higher corporate taxes, closing corporate tax loopholes, taxing carried interest and data extraction) to fund state priorities and reduce tax inequality.

Key provisions / requests

  • Urges Illinois to raise $6 billion in new revenue targeted at wealthy individuals and large corporations.
  • Recommends revenue policy tools including:
    • Raising the corporate income tax.
    • Closing corporate tax loopholes (including offshore/“sheltered” corporate income).
    • Closing the carried‑interest loophole.
    • Taxing data extraction activities of large tech companies.
  • Identifies state funding priorities the revenue should support:
    • Strengthening public transit operations.
    • Fully funding immigrant services and protecting healthcare access.
    • Fully funding public K–12 schools statewide.
    • Supporting senior home care.
    • Improving the child tax credit and direct cash assistance programs.
    • Funding re‑entry employment programs, violence‑prevention programs, and affordable housing.
  • Affirms that these revenue changes would also make Illinois’ tax system less regressive (cites that low‑income households currently pay a disproportionately larger share).

Rationale / context cited in the resolution

  • Claims Illinois receives roughly $34 billion annually from the federal government for programs (Medicaid, food assistance, transit, etc.) and warns that proposed federal cuts could threaten those investments.
  • States concerns with rising income and wealth inequality in Illinois and the nation, and that Illinois’ state and local tax system is among the most unequal in the country.
  • Asserts corporate tax policies contain loopholes that allow profit shifting and tax avoidance.

Who would be affected

  • Primary targets: ultra‑wealthy individuals and large / multinational corporations (including Big Tech).
  • Secondary effects: low‑ and middle‑income Illinoisans (intended beneficiaries of proposed spending increases), state agencies and service providers that would receive funding increases if revenues are raised.

Fiscal & policy impact (as characterized in the resolution)

  • Proposes $6 billion in new annual revenue to shore up state services and reduce fiscal pressure from potential federal cuts.
  • The resolution itself does not change law — it functions as a legislative statement urging policymakers to adopt the specified policies.

Procedural / timeline aspects

  • SJ0022 is a Senate Joint Resolution (non‑binding). The text requests that a copy be delivered to Governor J.B. Pritzker.
  • As a resolution, it does not by itself enact tax law; legislation or statute changes would be required to implement the recommended tax policy changes.
  • The provided document record shows introduction and committee referral in early 2025 (text identifies an introduction in January 2025 and referral to committee).

Compiled from official sources — confirm details with the bill’s official record.

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