09
Apr
1998
| Proposal | Effective Date |
Fully Effective Date (If Phased-in) |
Fully Implemented Savings |
|---|---|---|---|
| STAR Acceleration | 1998-99 School Year | 0.0 | |
| Sales Tax Clothing Weeks | Sept. 1998, Jan. 1999 | 0.0 | |
| Personal Income Tax: | |||
| Child Care Credit Enhancement | January 1999 | 50.0 | |
| Ag. Credit | January 1998 | 0.0 | |
| Holocaust | January 1995 | 0.0 | |
| Business Taxes: | |||
| Corp Reduction to 7.5% | July 1999 | July 2001 | 230.0 |
| AMT Reduction to 3.0% | July 1998 | July 1999 | 14.0 |
| Trading ITC | October 1998 | 50.0 | |
| Fixed Dollar Min Reduction to $100 | July 1998 | July 1999 | 80.0 |
| Subchapter S Reduction to 7.5% | July 1999 | July 2001 | 31.0 |
| High Tech: | |||
| $1,000 Wage Credit | Janaury 1999 | 8.0 | |
| Capital Investment Credit | January 1999 | 2.0 | |
| Sales Tax on Computer Hardware | June 1998 | 8.0 | |
| Deferral of Capital Gain | March 1998 | 2.0 | |
| Sales and Use Taxes: | |||
| Clothing Enhancements | December 1999 | 105.0 | |
| Pay Phones | September 1998 | 8.0 | |
| Textbooks | June 1998 | 23.0 | |
| Central Office | September 1998 | 3.0 | |
| DMV Registration Fee | July 1999 | 66.0 | |
| DMV Refunds | Retroactive | 17.0 | |
| Beer Excise Tax | January 1999 | 7.0 | |
| Highway Use Tax | January 1999 | 35.0 | |
| Other Taxes: | |||
| Estate Tax Small Business | January 1998 | 4.0 | |
| Miscellaneous: | |||
| Provider Acceleration | December 1998 | 0.0 | |
| TOTAL | 743.00 | ||