You may have already heard that the Tax Reform Commission’s proposed legislation was filed as 5 separate bills yesterday. They are House Bills 1 through 5, and we’re posting them here for your information.
HB 1 deals with the compression of property taxes and making the appropriation for financing public schools: HB1.doc
HB 2 is the component that addresses use of new revenue from the overhauled franchise and tobacco taxes to buy down property tax rates: HB2.doc
HB 3 reconfigures the franchise tax: HB3.doc
HB 4 focuses on the new/different motor vehicle sales and use taxes: HB4.doc
And HB 5 is the part of the TTRC proposal that raises taxes on cigarettes and other tobacco products: HB5.doc
Use the COMMENTS link below to share your thoughts on this legislation.
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