2007 House Bill 5271

Raise income tax and transition to 401K for school employees

Introduced in the House

Sept. 28, 2007

Introduced by Rep. Lorence Wenke (R-63)

To increase the state income tax by .1 percent and use the money to pay the costs of transitioning “all public school employees” from the traditional defined benefit pension system to a defined contribution plan (401K).

Referred to the Committee on Tax Policy