Without raising existing tax rates, the Massachusetts Senate projects that it could generate an additional $409 million in tax revenue in fiscal year 2018 by applying existing taxes to new payers, changing how the state collects some taxes, and taking other steps. House leaders want to make sure the bill conforms with Senate rules for reconciliation, a mechanism that allows Senate Republicans to pass the bill with a simple majority.
The Kansas Information Network says House Speaker Ron Ryckman is treating their bill as an appropriations bill. Len Fasano (R-North Haven) added, "And I don't think we're at 85 percent, let's be clear". "The 15 percent is the tough stuff that's what we need to work on".
Representatives of KC Healthy Kids were the only people who spoke in favor of the bill before a Senate committee. And the House version requires that the Legislature also pass an income tax - already voted down by the Senate - and raise oil and gas taxes. Sales taxes particularly impact low-income taxpayers since they pay a larger share of their income in state and local taxes than the wealthy.
Sen. Tom Holland, D-Baldwin City, said he is interested in reducing the food sales tax. It gets rid of the severance tax restructuring. "Sometimes you see new language sneak in there". "I love the idea of getting rid of the state's income tax".
Also, she noted, with fewer committee meetings and the crunch of the end of session, accessing members becomes harder and harder. Tuesday was the second day of the current special session.
The Senate's bill sets the consumer sales tax at 6.95 percent, which includes digital products under the sales tax umbrella.
"We would also note that $4,500 per student is only $100 more than the $4,400 "high water mark" we achieved under the previous formula in the 2008-2009 school year, which would equal a $12.50 increase each year over the last eight years", they wrote.
Justice asked lawmakers to "stop the silliness", again calling the Senate Democrats' decision to vote against the bill "unbelievable".
"However, the Senate version of the bill has major problems that we just could not accept..."
"It is vitally important that we get that budget because each chamber needs to build their budget around the revenue that we have brought forth with our tax reform proposals", Carmichael said.
House Finance Committee Chairman Eric Nelson, R-Kanawha, said Thursday evening that he expected the full House to vote on House Bill 107, the revenue measure passed in the committee earlier in the day, on Friday.
The Legislature is required by the West Virginia Constitution to have a balanced budget in place by the start of the fiscal year on July 1.
Instead, the bill amends the tax code to rename what has been called the "effective tax rate" with regard to property taxation to the "no-new-revenue tax rate". The House's version is thought to resolve about $100 million of the state budget gap, which could leave about $100 million still to go.
The roughly $40.3 billion spending plan also includes $30 million in new revenue from changing how the state collects sales taxes from online retailers and $125 million from a change in when companies remit sales, room occupancy, and meals taxes to the state.
Justice called the move a "black eye" and said he was hurt by the vote that he wasn't aware the Senate Democrats were going to take.