Erdman Working on Tax Overhaul Measure Utilizing Consumption Tax

Erdman Working on Tax Overhaul Measure Utilizing Consumption Tax
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October 13th, 2020 | Scott Miller

One Panhandle lawmaker says hes continuing work on a proposal to replace the states property, income, sale and estate tax system with one that would only tax final consumption of goods and services.

Bayard Senator Steve Erdman is in Lincoln this week, working with staff on a new version of a constitutional amendment for a consumption tax, and a related bill that would detail how that revenue would be collected and distributed.

Erdman says its obvious others are coming to agree with his conclusion the states tax system is broken and needs a major overhaul. “This is a fix that fixes it for many generations to come, and its a fair tax for everyone to pay some. And the way we have it structured, it holds low income people completely harmless,” says Erdman, “in fact, the lowest income of us all gets away with almost zero tax. Now, theyre paying sales taxes, and a few other taxes they wouldnt have to pay.”

Erdman says given how far-reaching the legislation would be, he wants to hear from all possible stakeholders on potential impacts before the enacting bill is put together.

He says his goal is to have the legislation to bill drafters by the first of November so its ready to go next January when lawmakers are slated to open the next legislative session.

 

 

 

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