SB 1281 - Childers, Doyle
Raises the income tax by 1/2% and then phases it out over three years
Bill Details
Sponsor
LR Number
4702S.01I
Title
SB 1281
House Handler
N/A
Journal Page
N/A
Co-Sponsors
Effective Date
Referendum
Committee
Current Status
Hearing Conducted S Ways & Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 1281 - This act increases the income 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 November 2004, and an effective date of January 1, 2005, if approved by the voters.
JEFF CRAVER