2002 House Bill 5864

Introduced in the House

April 9, 2002

Introduced by Rep. William Callahan (D-26)

To end the phase-out of the state single business tax (value added tax). Current statute eliminates the 2.3 percent tax in annual one-tenth percent increments over 23 years, beginning in 1999. Under the bill, the tax rate would remain at the current 1.9 percent, with no further reductions.

Referred to the Committee on Tax Policy