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As introduced, Gov. Jim Pillen’s core property tax relief proposal could fall short by $139 million in annual estimated revenue needed.
Pillen’s main proposal, introduced through Legislative Bill 1 in the special session, includes placing a sales tax on more than 100 currently tax-exempt goods and services. It would also raise seven “sin” taxes, on candy and soft drinks, vapes, cigarettes, keno gambling, spirits, consumable hemp and games of skill.
In total, the new or increased taxes would raise an estimated $1.15 billion in the first full fiscal year on state tax rolls. If passed, Pillen’s o...
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