Standard deduction; adjusted for inflation. (SB618)
Introduced By
Sen. Louise Lucas (D-Portsmouth)
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 »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/14/2016 | Presented and ordered printed 16103530D |
01/14/2016 | Referred to Committee on Finance |
02/01/2016 | Impact statement from TAX (SB618) |
02/09/2016 | Continued to 2017 in Finance (15-Y 0-N) (see vote tally) |
12/02/2016 | Left in Finance |