00           SPONSOR SUBSTITUTE FOR HOUSE JOINT RESOLUTION NO. 36                                                         
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 federal adjusted gross income, as that term is                               
08       defined in federal tax law.  If the individual income tax is levied on any basis other                            
09       than federal adjusted gross income, the total amount of tax collected statewide may                               
10       not exceed what would have been collected if the tax rate had been five percent of                                
11       federal adjusted gross income.                                                                                    
12            (b)  The rate of a sales tax levied by the State may not exceed five percent of                              
13       the sale price.  This subsection does not limit the rate of a sales tax levied by a                               
14       municipality.                                                                                                     
15    * Sec. 2.  The amendment proposed by this resolution shall be placed before the voters of                          
16 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the                        

01 State of Alaska, and the election laws of the state.