SJR 44 Requires revenues received by the state in excess of what is appropriated be refunded to taxpayers in the form of a tax credit
Sponsor: Schaefer
LR Number: 4822S.01I Fiscal Note available
Committee: Ways and Means
Last Action: 2/13/2014 - Hearing Conducted S Ways and Means Committee Journal Page:
Title: Calendar Position:
Effective Date: Upon voter approval

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Current Bill Summary

SJR 44 - This constitutional amendment, if approved by the voters, requires that any revenue received by the state in a fiscal year in excess of the amount appropriated for such fiscal year shall be returned to taxpayers in the form of a refundable tax credit. Any refund authorized under this act shall be subordinate to and not in addition to any refund under the Hancock Amendment.