Representative John Carson is appearing now before the House Ways and Means Committee.
His bill drops the personal income tax rate from 6% to 4%, the corporate tax rate from 6% to 5%, and eliminates many tax credits/deductions while increasing sales taxes by 1% statewide.
Rep Carson’s presentation can be found here. (H/T Aaron Sheinin)
The committee has adjourned for lunch and will return at 1:30 for a discussion on a “sale tax issue”. Chairman Jay Powell said before the break that the next step for them is to review and digest today’s materials, and meet back in 10 days to 2 weeks and make some “policy decisions” on how best to proceed.