AJR1 will, by Constitutional amendment, prohibit the Legislature from lowering the Commerce Tax floor below the existing $4 million.
I would hope that sometime soon the whole tax would be modified into something more acceptable.
This is unconstitutional on so many counts. Main one: the “equal protection” clause. Any “floor” is highly arbitrary and discriminatory. A state constitutional amendment is not going to fix that.
The tax itself is illegal because the legislature overrode an express vote of the people, 80-20, on the exact same tax.