00                CS FOR SENATE JOINT RESOLUTION NO. 33(JUD)                                                              
01 Proposing an amendment to the Constitution of the State of Alaska relating to limiting                                  
02 the rate of state income 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 two and one-half percent of federal adjusted gross income, as                                
08       that term is defined in federal tax law.  If the individual income tax is levied on any                           
09       basis other than federal adjusted gross income, the total amount of tax collected                                 
10       statewide may not exceed what would have been collected if the tax rate had been two                              
11       and one-half percent of federal adjusted gross income.                                                            
12            (b)  The rate of a retail sales tax levied by the State may not exceed two and                               
13       one-half percent of the sale price.  This subsection does not limit the rate of a sales tax                       
14       levied by a municipality.                                                                                         
15    * Sec. 2.  The amendment proposed by this resolution shall be placed before the voters of                          

01 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the                        
02 State of Alaska, and the election laws of the state.