Plain English Breakdown
Checked against official source text during the last sync.
Amendment to Remove Tax Adjustment
The bill removes a part of a law that said taxes would be adjusted each year based on the Consumer Price Index.
What This Bill Does
- Removes the rule that says taxes will be adjusted every year using the Consumer Price Index (CPI-U).
Who It Names or Affects
- People who pay taxes under this law will not have their taxes adjusted based on the Consumer Price Index anymore.
Terms To Know
- Consumer Price Index (CPI-U)
- A measure of how much prices for goods and services are increasing in cities over time.