Paul Baumbach
- Democratic
Section 1 of this Act increases the standard deduction for personal income tax purposes of resident individuals and spouses of this State for tax years beginning after December 31, 2023. Section 3 of this Act increases the monetary filing thresholds resulting from the increases the standard deduction under Section 1. Sections 2 and 4 of this Act increase the refundable earned income tax credit to 7.5% of the corresponding federal earned income tax credit for tax years beginning on or after January 1, 2023, and clarify that a previously enacted refundable earned income tax credit of 4.5% of the corresponding federal earned income tax credit took effect for tax years beginning on or after January 1, 2021.
Amendment SA 2 to HB 89 - Introduced and Placed With Bill
Amendment SA 1 to HB 89 - Introduced and Placed With Bill
Passed By House. Votes: 39 YES 2 ABSENT
Reported Out of Committee (Appropriations) in House with 4 Favorable
Reported Out of Committee (Revenue & Finance) in House with 2 Favorable, 6 On Its Merits
Introduced and Assigned to Revenue & Finance Committee in House
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Fiscal Note |
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