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Session 106 - (1985-1986)Printer Friendly
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S 1265 Joint Resolution, By W.E. Applegate, W.W. Doar, Drummond, Giese, I.E. Lourie, A.S. Macaulay, T.H. Pope, C.L. Powell, Ravenel and M.B. Williams
A Joint Resolution to petition Congress to call a Constitutional Convention for the purpose of amending the United States Constitution so as to prohibit Congress from enacting legislation providing for the collection of income taxes retroactively; to insure that the right of the states to finance the public purposes established by them may not be infringed; to prohibit Congress from taxing directly or indirectly the income derived from general or special obligations issued by or on behalf of the states, their political subdivisions or authorized authorities, and to prohibit the taxation of the proceeds of or income on these proceeds; and to prohibit Congress from taxing or restricting these obligations or excluding as deductions from income, taxes paid pursuant to the laws of any state or interest on amounts borrowed by any financial institution to purchase or carry these obligations.
A Joint Resolution to petition Congress to call a Constitutional Convention for the purpose of amending the United States Constitution so as to prohibit Congress from enacting legislation providing for the collection of income taxes retroactively; to insure that the right of the states to finance the public purposes established by them may not be infringed; to prohibit Congress from taxing directly or indirectly the income derived from general or special obligations issued by or on behalf of the states, their political subdivisions or authorized authorities, and to prohibit the taxation of the proceeds of or income on these proceeds; and to prohibit Congress from taxing or restricting these obligations or excluding as deductions from income, taxes paid pursuant to the laws of any state or interest on amounts borrowed by any financial institution to purchase or carry these obligations.
04/22/86 | Senate | Introduced, read first time, placed on calendar without reference SJ-2195 |
04/30/86 | Senate | Read second time SJ-2396 |
04/30/86 | Senate | Unanimous consent for third reading on next legislative day SJ-2396 |
05/01/86 | Senate | Read third time and sent to House SJ-2425 |
05/06/86 | House | Introduced and read first time HJ-2812 |
05/06/86 | House | Referred to Committee on Ways and Means HJ-2812 |