Richard Holtorf
- Republican
- Representative
- District 63
Primary
For income tax years commencing before January 1, 2025, the law allowed any individual who was 65 years of age or older at the close of a taxable year to subtract the total amount of social security benefits that the individual received from the individual's federal taxable income, to the extent those benefits were included in federal taxable income, when determining the individual's state taxable income. The act expands this subtraction to any individual who is 55 years of age or older but less than 65 years of age and whose adjusted gross income for the applicable tax year is less than or equal to $75,000 if filing individually or $95,000 if filing jointly. The act requires the department of revenue, in consultation with the state auditor, to collect information necessary to measure the effectiveness of the income tax subtraction. APPROVED by Governor June 6, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
Senate Committee on Finance Refer Unamended to Appropriations
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Committee
House Second Reading Laid Over Daily - No Amendments
House Committee on Appropriations Refer Unamended to House Committee of the Whole
House Committee on Finance Refer Amended to Appropriations
| Bill Text Versions | Format |
|---|---|
| Signed Act (06/06/2024) | |
| Final Act (05/21/2024) | |
| Rerevised (05/08/2024) | |
| Revised (05/07/2024) | |
| Reengrossed (05/03/2024) | |
| Engrossed (05/02/2024) | |
| Introduced (01/29/2024) | |
| PA1 (03/20/2024) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note SA1 (04/24/2024) | |
| Fiscal Note SA2 (05/06/2024) | |
| Fiscal Note FN1 (02/23/2024) | |
| Fiscal Note FN2 (03/29/2024) | |
| Fiscal Note FN3 (08/02/2024) |
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