HB 1318

An Act providing for tax levies and information related to taxes; authorizing the imposition of a personal income tax or an earned income tax by a school district subject to voter approval; providing for education tax and for imposition of and exclusions from a sales and use tax for the elimination of residential property taxes; establishing the Public Transportation Reserve Fund; providing for increase to the personal income tax, for certain licenses, for hotel occupancy tax, for procedure and administration of the tax, for expiration of authority to issue certain debt and for reporting by local government units of debt outstanding; establishing the Residential Property Tax Elimination Fund; providing for disbursements from this fund and for certain rebates and assistance to senior citizens; and repealing, sales tax provisions of the Tax Reform Code of 1971 and earned income tax of the Taxpayer Relief Act.