Conference Committee to Meet on Income Tax Increase
September 26, 2007September 26, 2007. Today at 10 am a confence committee will meet to discuss a possible individual income tax increase through HB 5194 in an effort to reach a budget agreement. The House had passed a series of bills aimed at taking away deductions and credits from the business community in an effort to encourage compromise. The bills are HB 4882, 5096, 5097, 5252, 5253, 5254, 5255, 5256. Agreement must be reached prior to October 1st to prevent a shut down of state government.