Income tax, state; increases standard deduction. (HB472)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Income tax; standard deduction. Increases the standard deduction, starting with taxable year 2022, from $4,500 to $9,000 for single filers and from $9,000 to $18,000 for married filers (one-half of such amount in the case of a married individual filing a separate return). The increase would remain in effect for taxable years 2026 and after, when, under current law, the standard deduction is scheduled to be reduced to $3,000 for single filers and to $6,000 for married filers. Read the Bill »
Status
01/11/2022: Awaiting a Vote in the Finance Committee
History
| Date | Action |
|---|---|
| 01/11/2022 | Committee |
| 01/11/2022 | Prefiled and ordered printed; offered 01/12/22 22100741D |
| 01/11/2022 | Referred to Committee on Finance |
| 01/23/2022 | Impact statement from TAX (HB472) |
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