Knight’s tax plan

Dan - 19 Mar 2008 @ 1:31 pm

Alabama Arise has a flier on their website about Representative John Knight’s Tax Fairness Plan, HB274. Knight’s bill is a constitutional amendment (requiring voter approval) that would eliminate the deductibility of federal income taxes, increase the standard deduction and personal and dependent exemptions for state income taxes, and exempt food items from the sales tax.

Removing the deduction of federal income taxes would cause some upper-income Alabamians to have a higher tax liability, but all of the other provisions would lower taxes across the board. Knight claims his plan would be revenue neutral for the state.

I think it’s worth thinking over. The bill is currently dying a slow death in committee.

knightplan1.jpg


4 Comments on “Knight’s tax plan”

  1. Pingback by Proposal to Eliminate Grocery Tax is in Committee » Doc’s Political Parlor

    […] Dan at Daily Dixie has posted on it and has the details here. […]

  2. Comment by Kathy

    The bills (House and Senate versions) passed out of committee today. We’ll see what happens next.

  3. Pingback by Weekend Links

    […] An interesting new tax plan proposed in legislature - Daily Dixie […]

  4. Pingback by Alabama Tax Burden Illustrated » Doc’s Political Parlor

    […] Rep. John Knight has offered a proposal (HB 274) that would remove the state portion of sales tax on groceries (4%) and offers other tax breaks for all Alabama tax filers, and would remove the state income tax deduction for federal income tax paid. General details are here and specifics are here. […]

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