Status Summary

HB 1545 was referred to the House Finance Committee but was never scheduled for a hearing.

Legislative Session





Rep. Liias

Sponsored by Representative Lilias, HB 1545 imposes an excise tax of 2% on annual adjusted gross incomes above $1 million. It also creates the Paramount Duty Trust Fund, which is funded by the excise tax. Revenue received by the trust must be devoted to education, with the first priority being classroom size reduction in kindergarten through fourth grade.