Proposing a constitutional amendment requiring any increase in a franchise tax rate to be approved by two-thirds of all the members elected to each house of the legislature.
Impact
The potential impact of SJR20 on state laws is significant, as it would alter the current legislative process concerning franchise tax rate increases. By mandating a two-thirds majority for approval, this bill could effectively shield taxpayers from sudden tax hikes that might arise from political maneuvering. This shift seeks to promote fiscal responsibility and greater accountability among legislators, compelling them to garner broader support for tax increases, which could lead to more deliberative and considered legislation.
Summary
SJR20 is a joint resolution proposing a constitutional amendment to the Texas Constitution that would require any increase in the franchise tax rate to be approved by a two-thirds majority vote of all members elected to each house of the Texas Legislature. This proposed change aims to provide stricter controls over tax increases, thereby ensuring that any efforts to raise the franchise tax are met with substantial legislative support. The amendment would prevent straightforward legislative passage of such tax increases without significant consensus among lawmakers.
Contention
Notably, SJR20 may provoke debates around fiscal policy and governance. Supporters of the bill are likely to argue that it enhances transparency and restricts hasty decisions that could burden taxpayers. Conversely, opponents might contend that the two-thirds requirement could hinder necessary funding for public services and infrastructure projects, particularly during economic downturns when such revenues might be critical. The resolution's traction will depend on how these competing perspectives resonate with legislators and the electorate, particularly in relation to tax reforms and government funding priorities.
Similar
Proposing a constitutional amendment requiring any increase in a rate of the franchise tax be approved by two-thirds of all the members elected to each house of the legislature.
Proposing a constitutional amendment requiring the governor to call the legislature into special session on petition of at least two-thirds of the members of each house of the legislature.
Proposing a constitutional amendment requiring the lieutenant governor and speaker of the house of representatives to call the legislature into special session on petition of at least two-thirds of the members of each house of the legislature in response to a fiscal crisis, war, natural disaster, or emergency.
Proposing a constitutional amendment requiring the legislature to increase the basic allotment under the Foundation School Program and to adjust the allotment in a manner that reflects annual inflation.
Proposing a constitutional amendment requiring elections on proposed amendments to the Texas Constitution to be held in November of even-numbered years.
Proposing a constitutional amendment to set the salaries of members of the legislature and the lieutenant governor based on the average public school teacher salary in this state.
Proposing a constitutional amendment requiring the secretary of state to be elected by the qualified voters at a general election instead of appointed by the governor.