2015 Senate Bill 414 ↩

House Roll Call 375: Passed

To potentially roll back future income tax rates if the amount of revenue deposited into the state "general fund" in a given year grows faster than inflation, starting in 2019. Note that the legislature controls the level of these deposits, and can reduce them by redirecting revenue elsewhere, or depositing money into the state rainy day fund. Therefore, any future income tax rate reductions would essentially be at the discretion of each legislature, as under current law.