SJR 56 Summary

• Proposes constitutional amendment adding Section 33A to Article V, creating the "Taxpayer Accountability Bill" requiring all income tax bills to include trigger provisions that authorize implementation only if sufficient state revenue growth or spending reductions exist.

• Prohibits introduction, consideration, or enactment of income tax bills that modify statutory income tax rates or brackets unless the bill contains a trigger provision detailing required revenue growth or spending reductions by amount, program, and effective date.

• Requires State Board of Equalization to determine in December and February meetings whether revenue growth or appropriation reductions equal or exceed the estimated revenue impact of enacted income tax bills to authorize implementation beginning January 1.

• Mandates Board perform duties required by prior income tax legislation before implementing new procedures under this amendment, establishing priority order for Board responsibilities.

• Directs Secretary of State to refer the proposed constitutional amendment to voters for approval or rejection with specified ballot title describing the Taxpayer Accountability Bill and its requirements.