Reported by CommitteeFiled Oct 21, 2025
Sponsor: La Shawn K. Ford (D)
Latest Action
Rule 19(b) / Re-referred to Rules Committee
Jul 1, 2026
Summary
The measure would impose an additional 3% tax on the portion of an individual's net income that exceeds $1 million. Revenue collected would be divided equally, with 50% used to provide property‑tax relief and 50% distributed to school districts on a per‑pupil basis. It requires voter approval at a future general election.
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