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HB1411

Elimination of state individual income tax.

Latest bill text (Comm Sub) [PDF]

Summary

Elimination of state individual income tax. Eliminates the state individual adjusted gross income tax by reducing the rate to 0%. Provides that in calculating the local income tax (LIT), which is imposed based on a local taxpayer's state adjusted gross income, the calculation of a taxpayer's state adjusted gross income for LIT purposes shall be calculated under the adjusted gross income tax provisions as if those provisions, and the most recent adjusted gross income tax rate before its elimination, were still in effect.

Authors

Authored by Representative PayneCoauthored by Representatives Hostettler, Sweet, Cash

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #1: Introduced2024-01-11 Click To View

History

Date Chamber Action
2024-01-11HouseFirst reading: referred to Committee on Ways and Means
2024-01-11HouseAuthored by Representative Payne
2024-01-11HouseCoauthored by Representatives Hostettler, Sweet, Cash