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OK SJR3
Joint Resolution
AI Summary
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Proposes constitutional amendment adding Section 33A to Article V, known as the Taxpayer Accountability Bill.
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Requires all income tax bills that modify tax rates or brackets to include a "trigger provision" making the bill effective only if projected revenue growth offsets the tax change.
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Mandates State Board of Equalization determine in December and February meetings whether sufficient revenue growth or spending reductions exist to authorize implementation of any enacted income tax bills.
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Defines terms including "estimated revenue impact," "income tax bill," "reduction in recurring state-appropriated expenditures," and "trigger provision."
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Directs Secretary of State to refer amendment to voters with specified ballot title describing the Taxpayer Accountability Bill provisions.
Legislative Description
Constitutional amendment; creating Taxpayer Accountability Bill; prohibiting introduction, consideration or enactment of certain bills by Legislature without specified provision; requiring State Board of Equalization to make certain findings.
Revenue and Taxation
Last Action
Second Reading referred to Finance Committee then to Appropriations Committee
2/8/2011