AK HJR5

Proposes constitutional amendment requiring voter approval at the next statewide election (held more than 120 days after enactment) for any law establishing a new state tax or increasing an existing state tax rate.

Approved tax measures become effective 90 days after election certification if a majority of votes cast favor adoption; rejected measures do not take effect.

Requires legislature to approve by majority vote in joint session any voter-initiated tax law within the next regular session after election certification, or the initiated tax measure is rejected.

Modifies Article XI, Section 6 to clarify that the 90-day effective date for initiated measures applies except when Section 1 of Article IX tax approval procedures are required.

Amendments must be approved by voters at the next general election in accordance with state constitutional and election law procedures.