THREE-FIFTHS VOTE: INCOME TAX - S.B. 1165: FLOOR ANALYSIS

Senate Bill 1165 (as reported without amendment)

Sponsor: Senator Dale L. Shugars

Committee: Finance

CONTENT

The bill would amend the Income Tax Act to require the concurrence of at least three-fifths of the members elected to and serving in each house of the Legislature to increase the rate, expand the base, or reduce or repeal an exemption, deduction, or credit of the income tax or a successor to the tax.

Proposed MCL 206.403 - Legislative Analyst: G. Towne

FISCAL IMPACT

The bill would not have any measurable fiscal impact on State or local government.

Date Completed: 6-1-98 - Fiscal Analyst: J. Wortley

FLOOR\SB1165 - Analysis available @ http://www.michiganlegislature.org

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.