2015 Senate Bill 414

Senate Roll Call 479: Passed

To potentially roll back future income tax rates if the amount of revenue deposited into the state "general fund" in a given year grows at least 1.425 times faster than inflation - but not until 2023. Note that the legislature ultimately controls these deposits, and how much is deposited into the state rainy day fund. Therefore, any future income tax rate reductions would essentially be at the discretion of each legislature, as under current law.

28 Yeas / 10 Nays
Republican (27 Yeas / 0 Nays)
Democrat (1 Yea / 10 Nays)