MS SC511

Requests Congress to call a constitutional convention under Article V for the sole purpose of proposing a flat-rate income tax amendment to the U.S. Constitution.

Proposes amendment requiring individuals to pay no more than 10% tax on compensation (wages, pensions, bonuses, awards) minus a personal allowance, with no tax if compensation is below the personal allowance.

Proposes businesses pay no more than 10% tax on business taxable income (receipts minus cost of inputs, employee compensation, and capital equipment/structures/land costs), excluding government entities and non-profit organizations.

Requires employers to withhold 10% of employee compensation exceeding the annual personal allowance (prorated per pay period) with employees receiving a credit against income tax for withheld amounts.

Urges all state legislatures to apply to Congress to call a constitutional convention for this amendment and directs transmission of the resolution to federal and state legislative leadership.