SB44 Summary: Family Income Protection Act

• Establishes the "Family Income Protection Act" to phase out municipal occupational license taxes on personal income through annual reductions of at least 0.1 percentage points each October 1 until the tax reaches zero.

• Caps municipal occupational license tax rates at the levels in effect on January 1, 2021, and provides a phased elimination schedule (e.g., a 1% tax reduces to 0.9%, then 0.8%, etc. annually).

• Exempts persons performing occupations in a municipality's police jurisdiction and those on property annexed after January 1, 2021 from occupational license taxes.

• Prohibits municipalities from levying new occupational license taxes or increasing the rates of existing occupational license taxes on personal income.

• Becomes effective immediately upon passage and gubernatorial approval.