Income tax, state; adjusts standard deduction for inflation. (HB693)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Standard deduction; adjusted for inflation. Adjusts the individual income tax standard deduction annually beginning with the 2017 taxable year by the percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U), for all items, from July 1 through June 30 for the year immediately preceding the taxable year. Read the Bill »
Status
02/08/2016: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 01/11/2016 | Committee |
| 01/11/2016 | Prefiled and ordered printed; offered 01/13/16 16102065D |
| 01/11/2016 | Referred to Committee on Finance |
| 01/24/2016 | Impact statement from TAX (HB693) |
| 02/02/2016 | Assigned to sub: Subcommittee #1 |
| 02/02/2016 | Assigned Finance sub: Subcommittee #1 |
| 02/03/2016 | Subcommittee recommends continuing to 2017 |
| 02/08/2016 | Continued to 2017 in Finance |