The Legislature’s Tax Rate Review Committee decided no special session is needed to change the income and sales tax rates. The committee noted the state’s revenue growth for the fiscal year that ended June 30 was higher than projected, but […]
The Legislature’s Tax Rate Review Committee decided no special session is needed to change the income and sales tax rates.
The committee noted the state’s revenue growth for the fiscal year that ended June 30 was higher than projected, but sales tax revenue is lower than projected forecasts.
The committee is looking into the recent U.S. Supreme Court ruling that allows states to collect sales taxes from online purchases and to determine if legislation is required.
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