SB 1280 Raises the sales tax by 1/2% and then phases it out over three years
Sponsor:Childers Co-Sponsor(s)
LR Number:4701S.01I Fiscal Note:4701-01
Committee:Ways and Means
Last Action:03/09/04 - Hearing Conducted S Ways & Means Committee Journal page:
Title:
Effective Date:Referendum
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Current Bill Summary

SB 1280 - This act increases the sales tax by 1/2% for one year, then lowers the increase to 1/4% for one year, then lowers the increase to 1/8% for one year, and finally returns the sales tax rate to the current levy.

The act has a referendum clause for August 2004, and an effective date of October 1, 2004, if approved by the voters.
JEFF CRAVER