(The Center Square) – A House committee on taxes will vote on a bill to create a flat tax on Tuesday and hold a public hearing on two joint resolutions regarding the eventual elimination of income and property taxes.
Rep. Bishop Davidson, R-Republic, and a member of the Special Committee on Tax Reform, is a sponsor of all three proposals.
The committee will vote on House Bill 2919 after it held a hearing on March 12 on the proposed state constitutional amendment requiring approval of voters.
The proposal would eliminate tax tables based on income brackets to determine personal income tax and replace it with a 4% flat tax on all income above $1,000 in 2025. If adopted during this November’s general election, the first change wouldn’t occur until the 2027 tax year.
The bill’s fiscal note estimated a decrease in the state’s general revenue of $357 million in fiscal
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