Tax Insider for April 28
If the effect of a bill increases revenue, isn’t it a bill for raising revenue? The logical answer is yes, but, more often than not, the answer tends to be no.
Top Lines
- As conversations about tax increases and relief come to a head in the final stretch, we explore some of the constitutional discussions that frequently come up around "bills for raising revenue."
- The House Revenue Committee spent much of the week exploring the state's funding formula for public schools.
- The Senate Finance & Revenue Committee is considering a statutory solution for reassessing previously exempt property. They may also pursue a constitutional amendment.
