Modifies Initiative Measure No. 960 by repealing the provision that required the state to provide a ten year fiscal impact statement on fiscal bills, to ensure consistency with state budgeting and provide means for the Legislature to raise new revenues and stabilize revenue collections in order to preserve funding for education, public safety, health care, and safety net services for elderly, disabled, and vulnerable people. The bill also repeals the two thirds requirement of the legislature to enact tax increases without a vote of the people and allows current and future legislatures to increase taxes with a simple majority vote.   Official Text and Analysis.

To strike original bill and provides suspends only provisions of the 2/3 vote requirement from I-960. The striker amendment also adds an emergency clause.

To correct the title making it consistent with the bill.

To reduce the period from which a simple majority of the legislature can raise taxes from July 1, 2011 to January 1, 2011. This is designed to prevent authorization for a simple majority to raise taxes from extending into the 2011-13 biennium.

To add a referendum clause.

To remove the emergency clause.

To conform the title to the striker.

To provide legislative intent related to raising revenue in the 2009-2011 fiscal biennium. From the effective date through July 1, 2011, any action or combination of actions by the Legislature that raises taxes may be taken with the approval of a majority of members elected to each house of the Legislature. The bill has an emergency clause and would take effect immediately.