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S 0064 - Imposes an annual limit on state general fund revenues

Tracking Level: Of Interest
Sponsor: George Campsen (R)
Last Action: 1/10/2017 - Referred to Committee on Finance
Senate Committee: Fin
Assigned To:
Finance/Revenue/TaxesNext Bill
Spending CapsNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Imposes an annual limit on state general fund revenues available for appropriation by restricting any increase to a percentage that is equal to the average annual percentage change from the previous ten state fiscal years.

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