SENATE JOINT RESOLUTION T

 

 

March 13, 2012, Introduced by Senators GREGORY, WHITMER, HOPGOOD, WARREN, HOOD, YOUNG, BIEDA, JOHNSON, HUNTER, SMITH, GLEASON and ANDERSON and referred to the Committee on Finance.

 

 

     A joint resolution proposing an amendment to the state

 

constitution of 1963, by amending section 26 of article IV, to

 

provide for four-year sunsets on all bills to increase or create

 

new tax exemptions and credits.

 

     Resolved by the Senate and House of Representatives of the

 

state of Michigan, That the following amendment to the state

 

constitution of 1963, to provide for four-year sunsets on all bills

 

to increase or create new tax exemptions and credits, is proposed,

 

agreed to, and submitted to the people of the state:

 

ARTICLE IV

 

     Sec. 26. (1) No bill shall be passed or become a law at any

 

regular session of the legislature until it has been printed or

 

reproduced and in the possession of each house for at least five


 

days. Every bill shall be read three times in each house before the

 

final passage thereof. No bill shall become a law without the

 

concurrence of a majority of the members elected to and serving in

 

each house. On the final passage of bills, the votes and names of

 

the members voting thereon shall be entered in the journal.

 

     (2) A bill to increase or create a new tax exemption or to

 

increase or create a new tax credit, that has the effect of

 

reducing tax revenue, for a tax imposed by this state shall not

 

become law unless the bill provides a sunset for that increased or

 

new tax exemption or increased or new tax credit not longer than

 

four years after that bill becomes law.

 

     Resolved further, That the foregoing amendment shall be

 

submitted to the people of the state at the next general election

 

in the manner provided by law.