The state's income tax would be rolled back under a proposal at the state Capitol. The measure would reduce the income tax rate to 3.9 percent by 2017.
Republican state Senator Jack Brandenburg sponsored the measure. He says an estimated $450 million dollar surplus the state collected last year convinced him it's time to reduce the income tax rate.
"I wanted to wait to see what kind of surpluses we were having. One-tenth of a point represents $175 million dollars."
Republican Senate Majority Leader Randy Richardville cautiously supports the proposal, but says he is hesitant to spend money that could be added to the state's rainy day savings fund. Democrats in the state Legislature say the surplus should go toward K-12 schools and higher education.
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