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2001 SESSION

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HB 2036 State and local income tax.

Introduced by: John H. Rust, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

State and local income tax. (i) Reduces the individual state income tax rates by approximately 13.75 percent; (ii) authorizes localities to impose a local income tax at rates equivalent to the reduction in the state income tax; (iii) exempts from taxation motor vehicles used for nonbusiness purposes; and (iv) repeals the Personal Property ("car tax") Relief Act of 1998. The bill is effective: (i) January 1, 2003, and (ii) only if a Constitutional amendment is ratified by the voters exempting motor vehicles used for nonbusiness purposes from taxation.

FULL TEXT

• 01/10/01  House: Presented & ordered printed, prefiled 01/10/01 012806924  pdf | impact statement

HISTORY

• 01/10/01  House: Presented & ordered printed, prefiled 01/10/01 012806924
• 01/10/01  House: Referred to Committee on Finance
• 01/18/01  House: Assigned to Finance sub-committee: 1
• 01/31/01  House: Tabled in Finance (23-Y 0-N)