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2014 Bill(s)

* SB 497
Sponsor: Schmitt, Eric
Status: S Ways & Means
Description: Cut the state income tax rate by one-half a percentage point at the top income level. Also make further income tax rate cuts if there has been at least a $100 million increase in General Revenue in any one of the three prior years. Restrict the cuts to lowering the upper-income tax rate to four percent. Currently it is six percent. The governor vetoed a similar bill in 2013, SB 253.
See: 
  • The Fiscal Note(s)
  • Official legislative description and status

    • Note: The descriptions of bills, amendments and roll-call votes are written by MDN journalists. MDN's database may not include committee assignments of bills made on the last day of the session since it is too late for the committee to act on the bill and, thus, the delayed assignment has no practical effect.