00             CS FOR SS FOR HOUSE JOINT RESOLUTION NO. 36(JUD)                                                           
01 Proposing an amendment to the Constitution of the State of Alaska relating to limiting                                  
02 the rate of state individual income taxes and sales taxes.                                                              
03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1.  Article IX, Constitution of the State of Alaska, is amended by adding a new                          
05 section to read:                                                                                                        
06            Section 18.  Tax Caps.  (a)  The rate of an individual income tax levied by the                            
07       State may not exceed five percent of an individual's taxable income, as that term is                              
08       defined in federal law.                                                                                           
09            (b)  The rate of a sales tax levied by the State may not exceed five percent of                              
10       the sale price.  This subsection does not limit the rate of a sales tax levied by a                               
11       municipality.                                                                                                     
12    * Sec. 2.  The amendment proposed by this resolution shall be placed before the voters of                          
13 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the                        
14 State of Alaska, and the election laws of the state.