The Senate Finance Committee did not vote on a supplemental appropriations bill today, Ogden noted it is prudent to wait since the numbers could be adjusted in the next few weeks. It is also expected a resolution relating to the Margin Tax authored by Finance Committee Chair Steve Ogden (SJR 52) will be coming up before long in the committee.
SJR 52 would have citizens vote on a constitutional amendment that would allow the state to tax business income without triggering a prohibition against personal income taxes. The thought is that SJR 52 would eliminate the current business tax and return to the tax it replaced.
