Under the Golden Dome: Challenges Ahead 5/9/2018




Under the Golden Dome show

Summary: The legislature went 18 days past the planned 100 when it finally adjourned on May 5th. The biggest reason for the delay is because House and Senate Republicans took a long time to find agreement on a new tax plan. It will gradually phase in tax reductions over a six year period. The final reductions in taxes will happen in 2023 and 2024 if economic triggers are met. In 2019, tax collections will be reduced by $100 million, while it is estimated $66 million will come in from new taxes on digital