Introduced
by
To prohibit lowering the rate of the state income tax (currently 4.25 percent) between now and 2015, as is ordered under current law, unless the state has at least $200 million in its “rainy day fund.” The bill would also slightly increase the minimum rate in 2015, assuming any of the scheduled cuts between now and then happened under its rainy day fund provision.
Referred to the Committee on Finance
