20. ENACT MORE Tax Reform

20. ENACT MORE
TAX REFORM

The legislature’s 2022 phased-in reduction of
personal income tax rates
accompanied by a reduction in industrial property taxes will pay dividends for our economy and our people for years to come. The other two legs of the tax stool, personal property taxes and sales taxes
remain in need of reform. Sales tax rates could
be cut if the base is broadened to reflect a 21st
Century economy that is more service-based
than goods-based.