JFC unanimously backs using increased sales tax collections to reduce income taxes

The Joint Finance Committee unanimously backed a plan to use additional revenue from online sales to reduce income taxes by another $136.1 million in tax year 2020 on top of what the committee added to the budget and existing law. Between the bill and the budget, the combined impact would be a reduction of $136 in 2020, according to the Legislative Fiscal Bureau. Revenue Secretary Peter Barca said...