SJR 38 - Kraus, Will
Requires refunds to taxpayers when state revenues grow by seven and a half percent or more
Bill Details
Sponsor
LR Number
4096S.01I
Title
SJR 38
House Handler
N/A
Journal Page
Effective Date
Upon voter approval
Committee
Current Status
Second Read and Referred S Ways and Means and Fiscal Oversight Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SJR 38 - This constitutional amendment, if approved by voters, would require refunds to taxpayers in any fiscal year that total state revenues increase over the preceding fiscal year's total state revenue by seven and one-half percent or more. In any such fiscal year, twenty-five percent of the excess total state revenues will be refunded to income taxpayers on a pro rata basis.
This Senate Joint Resolution is similar to SJR 8 (2011).
EMILY KALMER