HB 995: Revenue-Neutral Tax Reform
GENERAL BILL by Costello ; Corcoran ; (CO-INTRODUCERS) Trujillo
Revenue-Neutral Tax Reform; Replaces revenue from required local effort school property tax with revenue from state sales tax increase; provides legislative intent & findings; provides for 2.5 cent increase in tax on sales, use, & other transactions as replacement for required local effort school property tax; revises brackets for calculating sales tax amounts; provides for reservation & allocation of revenues from additional 2.5 cent increase in tax rate, etc.
Effective Date: 1/1/2012
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/24/2011 | House |
• Filed |
| 3/3/2011 | House |
• Referred to Finance and Tax Committee; PreK-12 Appropriations Subcommittee; Appropriations Committee -HJ 87 |
| 3/8/2011 | House |
• Introduced -HJ 87 |
| 5/7/2011 | House |
• Indefinitely postponed and withdrawn from consideration • Died in Finance and Tax Committee |
