SB5018: Income tax, individual; State Treasurer to return general funds to certain taxpayers.

Chief Patron

Brandon Bell (R-22)
Served: 2004–

Progress

☑	Introduced
☒	Passed Committee
☐	Passed House
☐	Passed Senate
☐	Signed by Governor
☐	Became Law

Status

Bill is Dead
View Entire History

Summary

Return of general funds to taxpayers. Provides that the State Treasurer return $500 million in each of fiscal years 2006-2007 and 2007-2008 to certain individual income tax filers. Individuals who filed an individual income tax return for taxable year 2004 with at least $5,000 of income for single individuals and $8,000 of income for married persons would be eligible for a portion of the revenues returned in fiscal year 2006-2007. Individuals who filed an individual income tax return for taxable year 2005 with at least $7,000 of income for single individuals and $14,000 of income for married persons would be eligible for a portion of the revenues returned in fiscal year 2007-2008.

The amount returned would be a set amount for each personal exemption claimed on each return that meets the income criteria. View Full Text »

Poll Results

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