BILL · 2021–22 SESSION

SB 5554: Local net income taxes

Eliminating the prohibition on local net income taxes if certain revenue neutrality requirements are met.

Summary

Authorizes a county, city, or town to levy a graduated tax on personal or business net income if the jurisdiction makes a corresponding reduction in the amounts collected in certain uniform local taxes.
Provides that any reduction in existing taxes must be made prior to or in conjunction with a jurisdiction levying a personal or business net income tax.
Repeals the existing statute prohibiting a local government from levying a net income tax.

From the Senate Bill Report (SB 5554), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to eliminating the prohibition on local net income taxes if certain revenue neutrality requirements are met;

No recorded floor votes. This measure never reached a floor vote.

Bill numbers restart every two years, so the same number is a different bill in each session.

SB 5554 (2025–26) Historic landmark desig. · Did not pass · stalled on the Senate floor
SB 5554 (2023–24) College grant award amounts · Did not pass · died in committee
SB 5554 (2019–20) School notifications · Did not pass · died in committee
SB 5554 (2017–18) Contraceptive coverage · Did not pass · stalled on the Senate floor
SB 5554 (2015–16) "Streams" definition/SMA · Did not pass · stalled on the Senate floor
SB 5554 (2013–14) Prescrip monitoring program · Did not pass · died in committee
SB 5554 (2011–12) Identifying marks on ballots · Did not pass · died in committee
SB 5554 (2009–10) Job skills program · Enacted · Chapter 554, Laws of 2009