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SB22-222

Amount Of Tax Owed Table For Initiatives

Concerning a requirement that the ballot title and fiscal summary for any ballot initiative that increases or decreases state income tax rates include a table showing the average tax change for tax filers in different income categories.
Session:
2022 Regular Session
Subject:
Elections & Redistricting
Bill Summary

The bill is a referred measure that will, if approved by the voters of the state at the 2022 general election, require:

  • The director of research of the legislative council of the general assembly to include a table in the fiscal summary for any initiated measure that would either increase or decrease the individual income tax rate. The table must have 4 columns as follows:
  • A column identifying 8 income categories;
  • A column identifying the current average income tax owed by taxpayers in each income category;
  • A column identifying the average income tax owed by taxpayers in each income category if the initiated measure were to pass; and
  • A column identifying the difference between the average income tax owed by taxpayers in each income category if the initiated measure were to pass and if the initiated measure were not to pass.
  • The ballot title for a measure that either increases or decreases the individual income tax rate to include the table created by the director of research of the legislative council of the general assembly for the measure's fiscal summary.
    (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Adopted

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Bill Text

  • All Versions (6 )
    Date Bill Type Documents
    05/25/2022 Final Act PDF
    05/11/2022 Rerevised PDF
    05/10/2022 Revised PDF
    05/02/2022 Reengrossed PDF
    04/29/2022 Engrossed PDF
    04/21/2022 Introduced PDF