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

DateAction
01/14/2016Presented and ordered printed 16103530D
01/14/2016Referred to Committee on Finance
02/01/2016Impact statement from TAX (SB618)
02/09/2016Continued to 2017 in Finance (15-Y 0-N) (see vote tally)
12/02/2016Left in Finance

Duplicate Bills

The following bills are identical to this one: HB693.