HB960 — Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes.

HB960 — Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes. · Informed CitizenryThe bill establishes a state value added tax (VAT) and local value added taxes (LVATs), while also addressing school finance reform by prohibiting certain existing taxes. Under Article 1, a VAT is…Open in Informed Citizenry