HSB720 — A bill for an act relating to state taxation by modifying future individual income tax rates, creating processes for reducing the individual income tax rate to zero, reducing future contingent corporate income tax rates, making appropriations, and including effective date, applicability, and retroactive applicability provisions.

HSB720 — A bill for an act relating to state taxation by modifying future individual income tax rates, creating processes for reducing the individual income tax rate to zero, reducing future contingent corporate income tax rates, making appropriations, and including effective date, applicability, and retroactive applicability provisions. · Informed CitizenryThis bill proposes a multi-step plan to eventually eliminate the state individual income tax. It creates the Taxpayer Relief Trust Fund and the Income Tax Elimination Fund (ITEF), both of which wil…Open in Informed Citizenry