05/12/2002 09:06 PM Senate FIN

                                                                                                                                
     2d CS FOR HOUSE BILL NO. 303(RLS)(fld S)                                                                                   
     "An Act relating to taxation of individual income; and                                                                     
     providing for an effective date."                                                                                          
                                                                                                                                
                                                                                                                                
This  was the first  hearing  for this  bill in  the Senate  Finance                                                            
Committee.                                                                                                                      
                                                                                                                                
Senator Leman  commented that  a personal income  tax should  be the                                                            
last option  considered for bridging  the State's fiscal  gap rather                                                            
than the first option.                                                                                                          
                                                                                                                                
Senator Green "moved to  report House Bill 303 out of Committee with                                                            
individual recommendations and accompanying fiscal note."                                                                       
                                                                                                                                
There  was no objection  and  2d CS  HB 303(RLS)(fld  S) MOVED  from                                                            
Committee with  accompanying fiscal note #2 for $3,940,200  from the                                                            
Department of Revenue.                                                                                                          
                                                                                                                                
AT EASE 9:08 PM / 9:10 PM