(Constitutional Amendment) Eliminates the income tax deduction for federal income taxes paid for purposes of calculating corporate income tax liability
Expands the state sales and use tax base by restricting the applicability of certain exemptions and exclusions and dedicates the revenues attributable to the base expansion for support of the TOPS Program and certain other state educational institutions, Medicaid Program providers, and district attorneys (Item #1) (OR +$173,000,000 SD RV See Note)
Repeals contingent effectiveness from Act No. 5 of the 2 E.S. relative to the definition of dealer for purposes of collecting sales and use taxes on transactions involving remote dealers (Item #1)
Authorizes certain projects to be undertaken by state agencies outside of the capital outlay process, and increases the amount exempt from professional service rules for contracts related to these activities. (gov sig) (RE1 INCREASE GF EX See Note)