Income tax, state; reduces top marginal individual tax rate. (HB1095)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Individual income tax rate reduction. Reduces the top marginal individual income tax rate from 5.75 percent on income in excess of $17,000 to five percent on income in excess of $5,000 beginning with taxable year 2017. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/13/2016 | Prefiled and ordered printed; offered 01/13/16 16102774D |
| 01/13/2016 | Referred to Committee on Finance |
| 02/01/2016 | Impact statement from TAX (HB1095) |
| 02/09/2016 | Assigned Finance sub: Subcommittee #1 |
| 02/10/2016 | Subcommittee recommends continuing to 2017 |
| 02/15/2016 | Continued to 2017 in Finance |
| 12/01/2016 | Left in Finance |