Introduced in the House on February 2, 2005, to adopt an amended version of Governor Ernie Fletcher's tax reform package. The amended bill would retain most provisions, but also incorporate the provisions of the Military Family Relief Act of 2003. The substitute would reduce the top corporate rate to 7% in calendar year 2006, with a further reduction to 6% beginning in calendar year 2007. The substitute would impose a surtax of $0.26 on each 20 cigarettes (one pack). The substitute would impose an excise tax of 3% on cable and direct broadcast satellite companies and would impose a gross revenues tax on telephone, cable and direct broadcast satellite. The bill also would delete the income tax rate reduction trigger. The amended bill would attach provisions of
House Bill 353. The amended bill also raises tax rates for "other tobacco products" that do not include cigarettes and snuff
The vote was 96 in favor, 4 opposed and 0 not voting
(House Roll Call 144 at House Journal 0)
Click here to view bill details.