- Introduced -

SB 944 - This act increases the state sales tax by one quarter of one percent. The tax due by a corporation is increased by adding an additional twenty percent charge to the amount owed by a corporation.

The provisions of this act have effect for nine fiscal quarters, beginning on October 1, 2002.

All revenue generated by the act will fund the foundation formula.

This act has a referendum clause and a sunset provision.

JEFF CRAVER