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  • House Democrat Tax Increases

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    Julie Coggsdale
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    The document lists 11 tax increase bills proposed by House Democrats that were rejected by the House Finance Committee. The bills proposed increases to taxes on plastic bags, watercraft, cigarettes, gas, estates, corporate taxes, and recordation taxes. Fiscal impact estimates for the bills ranged from $2 million to over $2 billion in additional annual tax revenues.

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    The document lists 11 tax increase bills proposed by House Democrats that were rejected by the House Finance Committee. The bills proposed increases to taxes on plastic bags, watercraft, cigarettes, gas, estates, corporate taxes, and recordation taxes. Fiscal impact estimates for the bills ranged from $2 million to over $2 billion in additional annual tax revenues.

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    25 views1 page

    House Democrat Tax Increases

    Uploaded by

    Julie Coggsdale
    The document lists 11 tax increase bills proposed by House Democrats that were rejected by the House Finance Committee. The bills proposed increases to taxes on plastic bags, watercraft, cigarettes, gas, estates, corporate taxes, and recordation taxes. Fiscal impact estimates for the bills ranged from $2 million to over $2 billion in additional annual tax revenues.

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    Download as PDF, TXT or read online from Scribd
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    Below are the eleven tax increase bills House Democrats offered.

    All of these measures were killed by the House Finance Committee. Fiscal impact statements are estimates. Bills HB 124 HB 145 HB 160 HB 393 HB 419 HB 422 Patron Morrissey Englin Hope Howell, Algie Watts Watts Subject Matter $0.20 tax on plastic bags Watercraft tax Cigarette tax Raise gas tax $0.10 per gallon Reinstate the Death tax Omnibus tax increase: gas, sales and recordation taxes Gas tax Gas tax Gas tax Corporate tax Corporate tax Estimated FIS (Millions) $23.5 (Unlikely to reach this amount) 2.0 (Likely high) $280.5 $459.4 $ 25 $563.7

    HB 892 HB 983 HB 1027 HB 1030 HB 1267

    Alexander Scott, J. M. Englin Englin Scott, J. M.

    $744.5 $64 Unknown increase $13 $93.9 (Highly speculative) $2,269.5

    TOTALS

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