Income tax, state; age deduction, increases income threshold for married filers. (HB54)

Introduced By

Del. Tommy Wright (R-Victoria)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax; age deduction; increase income threshold for married filers. Increases to $100,000 the threshold at which the income tax deduction for taxpayers 65 or older is reduced based on income, as such threshold applies to married taxpayers filing jointly or separately. Under current law, the threshold for married taxpayers is $75,000 and the threshold for individual taxpayers is $50,000. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
11/25/2019Committee
11/25/2019Prefiled and ordered printed; offered 01/08/20 20101388D
11/25/2019Referred to Committee on Finance
01/11/2020Impact statement from TAX (HB54)
01/16/2020Assigned Finance sub: Subcommittee #1
02/02/2020Impact statement from TAX (HB54)
02/11/2020Left in Finance

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