Repeals, adds to and amends existing law to repeal the grocery tax credit and related informational statutes, enact a sales tax exemption for food, reduce individual and corporate income tax rates, revise the sales tax distribution formula and repeal the income tax credit for capital investment.

TAXES -- Repeals, adds to and amends existing law to repeal the grocery tax credit and related informational statutes, enact a sales tax exemption for food, reduce individual and corporate income tax rates, revise the sales tax distribution formula and repeal the income tax credit for capital investment.