Relating to taxation; adding a new 9 percent rate at $250,000 of taxable income for married joint filers, with the threshold adjusted for other filing statuses ($125,000 for married separate filers, $141,250 for single filers, and $212,500 for head of household filers), providing a sunset of the 9 percent rate after tax year 2013 if the February 2013 forecast shows an unrestricted general fund balance of $500 million or more; re-setting the annual inflation adjustment of the income tax brackets to use the tax year 2009 amount as the base for future annual adjustments; imposing a surtax on certain interest income; increasing the rate on the retail gross receipt tax on the sales of alcoholic beverages from 2.5 percent to 5 percent; increasing the rates under the alcohol beverage excise rates; establishing accounts for K-12 education, nursing home and long-term care and hospitals in the general fund; transferring $986 million in the FY 2010-2011 biennium and $1 billion in the FY 2012-2013 biennium to the accounts; appropriating $4,660,000 to commissioner of revenue for tax compliance and debt collection initiatives
(Ch. 77, 2009) - (veto)