SS/SCS/SJR 50 - This constitutional amendment, if approved by the voters, prohibits the General Assembly from setting a state income tax rate exceeding 5.5%. This amendment also modifies a provision prohibiting sales taxes levied on transactions not taxed as of January 1, 2015, by providing an exception for sales and use taxes on subscriptions, licenses for digital products, and online purchases of tangible personal property.
This amendment also provides that no state or local sales or use taxes or any similar transaction-based tax shall be authorized on the provision of video service if the state, a franchise entity, or a political subdivision also imposes a franchise fee on the provider of such video service.
This constitutional amendment is substantially similar to SS/SJR 3 (2023), SS/SJR 33 (2022), SJR 4 (2021), SJR 40 (2020), and SCS/SJR 20 (2019).
JOSH NORBERG