Tax package highlights
⏩ $85 million in tax cuts. About $936 million in new taxes in the first year and $1.28 billion in the second year.
⏩ A new 50 percent excise tax on the wholesale price of all e-cigarette and vaporinhaling products.
⏩ Limits the $200 property tax credit to seniors and those with dependents.
⏩ Breweries would get a 50 percent break on sales for off-site consumption.
⏩ Increase the amount of money being diverted into the Special Transportation Fund by $305 million over three years.
⏩ Daily, computerized collection of the sales tax to expedite collection.
⏩ Sales taxes on the private sale of used cars.
⏩ Long-term borrowing of $1.7 billion in the first year and $1.6 billion. in the second.