Tag:income tax cap

  • Tax cap amendment clears key House committee

    A proposed state constitutional amendment which would reduce the cap on the income tax rate to 5.5 percent moved closer to a statewide referendum Wednesday, despite the protests of Democratic lawmakers. The House Finance Committee approved Senate Bill 75 by a…

  • Amendment lowering income tax rate cap will return

    State Sen. Jerry Tillman, R-Randolph, said the Senate will push again in the next legislative session to pass a constitutional amendment lowering the cap on the personal income tax rate from 10 percent to 5.5 percent. Imposing a 5.5 percent income tax ceiling was one of three constitutional amendments…