Democrats’ new tax increases | 2019-20
Despite record state tax collections the last two legislative sessions, majority Democrats in the Legislature still chose to increase taxes on individuals, families and businesses in our state. By how much? Almost $10 billion. Take a look:
*This bill assessed a premium for long-term care. The fiscal impact represents Employment Security Department’s assessed premiums for fiscal years ’22-25.
**This bill did not directly raise taxes but allowed local school districts to raise additional property taxes.
†This took personal property tax on heavy equipment off the rolls and instead charges a tax at point-of-sale. The property tax will be shifted to everyone else, so this is a net revenue gain to the state.