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1997 SESSION
HB 1651 Local income taxes; increased with reduced real estate & p.p. tax.
Introduced by: Mitchell Van Yahres | all patrons ... notes | add to my profiles
SUMMARY:
Local income taxes. Allows counties and cities to impose a local income tax at the rate of one percent in addition to the applicable state income tax rate with a reduction in the local real estate tax or tangible personal property tax rate to offset the amount of local income tax revenues collected. The bill also eliminates the five-year expiration of authority to levy the tax.
FULL TEXT
HISTORY
- 01/08/97 House: Presented & ordered printed, prefiled 01/02/97 970851480
- 01/08/97 House: Referred to Committee on Finance
- 01/10/97 House: Assigned to Finance sub-committee: 2
- 02/01/97 House: Passed by indefinitely in Finance (21-Y 1-N)