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Determining the Statewide Sales Tax Rate Under SJR 29 & HJR 56

Senate Joint Resolution 29 and House Joint Resolution 56 would place a constitutional amendment on the ballot to dramatically change the state’s revenue structure by eliminating individual  and corporate income/franchise taxes and replacing them with a greatly expanded sales tax. The new statewide sales tax would both increase the current sales tax rate and expand the base of the state sales tax to include all purchases and services. Click here to read a document detailing why an 11 percent statewide sales tax rate would be required for the proposals to remain revenue neutral.

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