House members are supporting a pared-down tax cut, even as the chamber’s leaders indicated they were still grasping for a way to package tax reductions with increases in transportation funding.
The House voted 76-42 Tuesday to pass an amended version of Senate Bill 2858. It now calls for cutting at least $135 million in income taxes beginning Jan. 1, raising the threshold for paying state income taxes to $10,000. Anyone making that much would get a $150 tax cut.
The measure moves back to the Senate, where the bill had originally called for $575 million in corporate franchise and income tax cuts.
House Speaker Philip Gunn, a Clinton Republican, says he’d still like to combine cuts with some way to generate more revenue for state roads and bridges.
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