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Kendall And Casey Podcast

How local governments can raise taxes under Senate Bill 1

Kendall And Casey Podcast

Kendall And Casey

News

4.61.2K Ratings

🗓️ 11 April 2025

⏱️ 7 minutes

🧾️ Download transcript

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Transcript

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0:00.0

So yesterday, the House passed Senate Bill 1. It passed in the House 65 to 29.

0:06.2

All right. So one of the things has been a point of contention is this local income tax.

0:12.8

And nobody could give you a straight answer on what's going on with local income tax as a part of this bill because they kept the fiscal note,

0:22.4

which came out from the official government body said taxes are going up, right?

0:28.7

Thompson, Jeff Thompson, had a ways and means in his initial hearing on 1402 said there's

0:33.6

these other ways for governments to raise taxes.

0:35.9

I didn't say it like that, but that's what.

0:37.1

No, he said that they'll generate revenue.

0:39.4

Right.

0:39.9

And so then Braun comes out and goes, oh, no, the lit is the local income tax.

0:44.9

It's going down.

0:46.5

And we're like, wait a second.

0:48.5

There's no way, because the only thing that Braun got in this bill that he'd have before

0:52.7

is a little bit extra of a

0:54.2

of a tax credit. And there's no way Thompson just scrapped the rest of the bill. And Braun and his people

1:00.5

ain't smart enough to figure it out or negotiate it out. Braun got owned in this thing. Well,

1:05.0

he can't get owned if you don't really care to begin with. But point is, I said there's no way they're lowering income tax to local government while cutting property taxes.

1:12.6

But I couldn't figure out, nor could many other people, because I talked to numerous people, including some of these lawmakers, on how this little trick was going to work.

1:20.1

And I figured it out, Casey.

1:22.0

Of course.

1:22.4

All right.

1:22.8

So I'm going to use this analogy to explain how this is going to work and how your taxes are going

...

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