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How did the Alabama Legislature Vote on Amendment 1, offically called Alabama Excellence Initiative Fund, and unoffically called the Billion Dollar Bob Tax Plan.this is the only best https://aaawatchreplica.com/ supplier where you can get the high quality wide range replica. this amazing presents https://vapewebsites.com/ rolex extremely good the watchmaking arena strategy.
Amendment One
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Addition Ratings of the Alabama Legislature Amendment One tax increases were:1. $453 Million in income tax hike (tax rate jumps by 20% (from 5% to 6%)).2. $466 Million property tax hike. 3. $115 Million new sales tax on blue collar labor (auto mechanics, appliance repairmen, etc.). 4. $196 Million in increased taxes on banking & insurance transactions, car sales, car rentals, tobacco use, and home purchases. 5. This was the largest tax increase in US History by percentage. The votes on this is a defining moment to determine if they are a true conservative.
Liberal Congressman Spencer Bachus Supports the Billion Dollar Bob Tax PlanVery few people were standing with Billion Dollar Bob Riley and his proposed largest tax increase in Alabama history. There was anger across the state from Republican ranks. Even the Ala State Republican Executive Committee passed a negative resolution against the tax. Congressman Spencer Bachus, stood with Bob Riley and endorsed the Billion Dollar Tax Plan. Very few politicians made this unpopular stand, almost No Republicans, expecting a couple with liberal stripes. Bob Riley was almost alone in his adventure to raise taxes. Only a few liberals, groups like the AEA, and the Alabama liberal newspapers. supported the tax. Spencer Bachus, commonly called, Alabama's Silent Congressman, spoke out and stood with the liberal Republican establishment in the 2003 famous Amendment 1 of September 2003. The yard signs said, NO to the Billion Dollar Bob Tax Plan, the people agreed with over 60% of voters also saying NO. But Spencer Bachus said YES. More about Spencer Bachus, and this issue at http://www.alabamateapartyexpress.com/?p=2436 Spencer Bachus article Alabama Tea Party Express http://www.alabamateapartyexpress.com/?p=2436
AMENDMENT ONE Amendment One Designed To Amend Constitution • “A regular law on its own couldn’t do that. The state constitution’s current tax-rate cap for individuals also would have to be raised from 5 percent to 6 percent. Amendment One would do that.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “If Voters Pass Amendment One, The Legislature Could Later Pass A Law On Its Own To Impose The 6 Percent Tax Rate On Everyone, Not Just The Wealthier People Affected By Riley’s Plan.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “Gov. Bob Riley’s Plan, Which Totals Almost 600 Pages, Includes 19 Laws And A Proposed Amendment To The State Constitution.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) Amendment One “Would Raise State Taxes By About $1.1 Billion A Year And Local Taxes By $123 Million A Year By 2008.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) Raise Income Taxes Amendment One “Would Raise Personal And Corporate Income Taxes By $573 Million In 2005.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “The Plan Would Raise $421 Million A Year By 2009, According To The Legislative Fiscal Office, Increasing Individual Income Taxes By $375 Million A Year And Corporate Income Taxes By $46 Million A Year.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “It would lower state income taxes for many people with dependent children. Alabama now starts taxing a family of four that takes the standard deduction when its annual income exceeds $4,600. That threshold would rise to an estimated $16,630 next year and rise to about $19,000 by 2007.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “But [Amendment One] Would Raise State Income Taxes For Most Companies, Wealthier Families And Single People Who Make About $20,000 A Year Or More.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “It would raise the top state income tax rate from 5 percent to 6 percent on annual taxable income exceeding $75,000 for a single person, $112,500 for a head of household and $150,000 for a couple filing jointly.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “Taxable income would include salaries, interest, dividends and capital gains on the sale of investments.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) Amendment One “Also Would Raise State Tax Collections By Ending Many Deductions.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “People now can deduct from their state taxable income federal income taxes, FICA [Social Security and Medicare] taxes, occupational taxes and property taxes they pay. Those deductions would end immediately, except that 75 percent of the federal income taxes paid could be deducted for the 2003 tax year only. Then the deduction would end.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “The Plan Would Impose A State Sales Tax Of 4 Percent, Plus City And County Sales Taxes, On Labor Costs For Product Installations And Repairs, Such As Replacing A Car Part Or Installing A Refrigerator.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “State and local sales taxes also would be imposed on warranty and service contracts.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “The plan would not tax services by lawyers, doctors, dentists, accountants, architects, barbers, cosmetologists and many others. Nor would it tax labor for additions to real property, such as reroofing a house.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “Raise From 2 Percent To 2.5 Percent The State Sales Tax On New And Used Cars, Trucks, Motor Boats, Motorcycles And Other Motor Vehicles And On Manufactured Homes.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “Raise The State Tax On Vehicle Leases And Rentals From 1.5 Percent To 3 Percent, Starting Oct. 1, On New And Existing Leases. Local Taxes Would Not Rise.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “Impose On Motor Oil A State Sales Tax Of 4 Percent Plus City And County Sales Taxes, But Repeal Motor Oil Excise Taxes Totaling 6 Cents Per Gallon.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) Increase Tobacco Taxes “State Taxes On Other Tobacco Products Would Double.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) Bank Taxes “Two Parts Of [Amendment One] Deal With Banks And Other Financial Institutions. Together They Would Net $11.3 Million A Year.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “Lower The Excise Tax Rate From 6.5 Percent To 6 Percent. The Excise Tax Is Similar To An Income Tax.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “End Some Tax Credits And Deductions Banks Get, Such As Deductions For Federal Income Taxes And State Sales Taxes They Pay.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “Lower The Maximum Privilege Tax On Net Worth That A Bank Could Pay In Any Year From $3 Million To $15,000, The Maximum For Most Other Companies.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) Increase Mortgage And Deed Fees “The Deed Recording Tax Would Rise From $100 To $200 For A $100,000 House.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “The Mortgage Recording Tax Would Rise From $150 To $300 For A $100,000 Mortgage.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) Amendment One “Would Lower State Tax Collections By $3.7 Million A Year” For Utility Taxes. (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “Taxes would drop slightly for customers of electric cooperatives, Alabama Power Co. and other corporate utilities. For most customers, the net state tax on a utility bill would drop from 6.2 percent to 5.75 percent.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “Taxes Would Rise On Customers Of Municipal Utilities, Who For Years Have Paid Less Tax.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) Overall, [Amendment One] When Phased In By 2008 Would Raise State And Local Property Taxes By $467 Million A Year, An Increase Of 30 Percent Compared With Last Year.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “State Property Taxes Under [Amendment One] Would Rise On All Owner-Occupied Homes Worth More Than $52,282, With One Big Exception.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “Currently, People 65 Or Older And People Who Are Blind Or Totally Disabled Don’t Have To Pay State Property Taxes, Though Most Must Pay Local Taxes, And They Would Keep Their State Exemption Under Riley’s Plan.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “For Everyone Else, Annual State Property Taxes Would Rise By $79 On An $80,000 Home, $136 On A $100,000 Home, $279 On A $150,000 Home, $421 On A $200,000 Home And $706 On A $300,000 Home.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “More expensive homes would get bigger bills. The increases would be phased in over four years.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “State Property Taxes On Cars, Pickups, Sport Utility Vehicles And Other Passenger Vehicles Under [Amendment One] Would Jump 259 Percent.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “State Property Taxes On Land, Buildings, Equipment And Other Property Owned By Businesses Other Than Utilities Would Rise 169 Percent And Local Taxes Would Rise 10 Percent.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “Those same increases also would be paid on rental residences and on motorcycles and aircraft owned by individuals.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “Property Taxes Also Would Rise On Large Farms And Timber Tracts.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) “In another big policy switch, Riley’s plan would limit the current-use tax break, which values farms and timberland at belowmarket rates for tax purposes, to an owner’s first 2,000 acres. There now is no limit.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “The plan also would make the current-use tax break less valuable to farmers and timberland owners by raising those belowmarket values by 22 percent for farmland and as much as 32 percent for timberland.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) • “Under [Amendment One], a farm of 10,000 acres could see its combined state and local property taxes rise 521 percent by 2007, from $1.33 to $8.26 per acre, the Public Affairs Research Council of Alabama estimated.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) Raise Health Insurance Premium Tax Amendment One “Would Boost Premium Tax Collections By $5.2 Million A Year By Reducing Some Tax Credits For Insurance Companies, Mainly Alfa.” (David White, “The Riley Plan – Dollars And Change: An Overview,” Birmingham News, 9/7/03) Amendment One And The Voters Shall The Following Amendment Be Adopted To The Constitution Of Alabama? “Proposing an amendment to the Constitution of Alabama of 1901, establishing the Alabama Excellence Initiative Fund which may be used to fund programs including, but not limited to, the furtherance of excellence in public education, college scholarships, health care benefits for senior citizens and job training programs to attract new high paying jobs and otherwise provide for distributing state tax revenues; to adjust income and property taxes; to establish the General Fund Rainy Day Account; to provide for the replenishment of the General Fund Rainy Day Account and the Education Trust Fund Rainy Day Account. (Proposed by Act No. 2003-78)” “Please note that Governor Riley’s package consists of several acts that were passed by the Alabama Legislature. If the constitutional amendment is proposed by the voters, these other acts will go into effect as well. These additional acts are: • 101 - To limit credits allowed insurance companies
The Vote of the Alabama Legislature for the largest Alabama Tax Increase in history, also called the Billion Dollar Bob Tax Increase Votes of Alabama Legislature For Amendment 1 Tax Increase of 2003 Ratings of Alabama Legislature by Alabama Christian Coalition View conservative score card of the Alabama Legislature on many key votes. This information compiled by the old Alabama Christian Coalition which was then headed up by John Giles.
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