Bill > S1371

This bill proposes a study to determine if the sales tax rate should be automatically lowered to 5 percent if the state's revenue growth surpasses certain predetermined levels. The study would be conducted by the Executive Office for Administration and Finance and the Office of the State Treasurer, in collaboration with the Department of Revenue and the legislative committees on ways and means, which are responsible for reviewing the state budget. The findings and any proposed legislation to implement this automatic reduction would need to be submitted to the clerks of the Senate and House of Representatives by December 31, 2013.