Staff Analysis of the Legislation
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SUMMARY:
This constitutional amendment proposal would limit any exemptions to sales taxes enacted after 1/1/11 to 4 years, renewed for periods up to 4 years, if the state auditor or appropriate official certifies that the goal has been attained and that the exemption is in the state’s best interest.
NOTE:
In a period of revenue shortfall, such an action could provide additional revenue without it becoming a permanent condition. |