Measure Title: |
RELATING TO INCOME TAX.
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Report Title: |
Income Tax; Standard Deduction; Itemized Deduction; Income Tax Brackets; Personal Exemption; Child and Dependent Care Tax Credit; Conformity with Federal Deductions
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Description: |
Provides for re-computation of the amounts for standard deduction, itemized deduction, income tax brackets, and personal exemption each tax year, taking into account the cost-of-living adjustment factor. Adds a one-time adjustment to tax brackets. Increases the applicable percentage of the employment-related expenses for which the child and dependent care income tax credit may be claimed; provides for re-computation of the applicable percentage taking into account the cost-of living adjustment factor; and provides for a disallowance period when there is a final administrative or judicial decision finding that the claim was due to fraud or disallowing the credit. Amends state conformity with certain federal deductions.
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Companion: |
HB2404
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Package: |
Governor
|
Current Referral: |
WAM
|
Introducer(s): |
KOUCHI (Introduced by request of another party)
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Act: |
|
Sort by Date | | Status Text |
1/26/2024 | S | Referred to WAM. |
1/24/2024 | S | Passed First Reading. |
1/24/2024 | S | Introduced. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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SB3093