Relating to: modifying the income and franchise tax rate structure for individuals and corporations, creating a school aid fund, supplemental school aid, school district revenue limits, and making an appropriation. (FE)

Summary

The bill rewrites many tax brackets for individuals and corporations, adds new rates for high earners, and sets up a separate school aid trust fund. It also defines how supplemental aid is distributed to districts and how district revenue limits are calculated. The changes aim to raise revenue for schools while adjusting the tax structure.

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