| SB 1280 | Raises the sales tax by 1/2% and then phases it out over three years |
| Sponsor: | Childers | Co-Sponsor(s) | ||
| LR Number: | 4701S.01I | Fiscal Note: | 4701-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 03/09/04 - Hearing Conducted S Ways & Means Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | Referendum | |||
SB 1280 - This act increases the sales tax by 1/2% for one year, then lowers the increase to 1/4% for one year, then lowers the increase to 1/8% for one year, and finally returns the sales tax rate to the current levy.
The act has a referendum clause for August 2004, and an
effective date of October 1, 2004, if approved by the voters.
JEFF CRAVER