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Tax Commission will issue consensus report

1. Restructure the homestead education tax 2. Broaden the sales tax base 3. Modernize income tax features 4. Undertake analysis in order to eliminate tax burden/benefit cliffs 5. Improve administration of property tax 6. Create a comprehensive telecommunications tax 7. Utilize tax policy to address climate change 8. Collaborate with other states so each state can build a fairer, more sustainable tax system Recommendation 1: Restructure the Homestead Education Tax Key components: A. Eliminate the Property Tax Credit B. Eliminate the homestead education property tax, and implement income-based education tax for all residents (owners and renters) with rate tied to locally voted budgets. C. Levy the non-homestead education property tax on all property except the residence and 2-acre site.

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