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SR 0025 -	Income Taxes - Phase Out in their Entirety
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Tracking Level:

Evaluating

Sponsor:

Joshua McKoon

Last Action:

1/23/2017 - Senate Read and Referred

Senate Committee:

Finance

Assigned To:

Larry Ramsey	Next Bill
Sales Tax-Local	Next Bill

Staff Analysis of the Legislation
This constitutional amendment caps state income tax at the rate of 5.5 percent and then reduces that rate each year by one-half of 1 percent until the rate is zero. The rate could be increased in the event of an emergency condition.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text