Lynn DeCoite
- Democratic
- Senator
- District 7
Primary
Establishes two additional marginal tax rates for joint filers whose income exceeds $10,000,000 and $25,000,000, head of households whose income exceeds $7,500,000 and $18,750,000, individuals whose income exceeds $5,000,000 and $12,500,000, and estates and trusts that have income exceeding $200,000 and $500,000, respectively. Establishes a working group within the Department of Taxation to develop a proposal for a state wealth tax. Takes effect on 7/30/2075. (SD1)
The committee on WAM deferred the measure.
The committee(s) on WAM will hold a public decision making on 02-18-22 10:10AM; Conference Room 211 & Videoconference.
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Reported from JDC (Stand. Com. Rep. No. 2221) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 6 Aye(s): Senator(s) Rhoads, Keohokalole, Acasio, Gabbard, Kim, Lee; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
The committee(s) on JDC has scheduled a public hearing on 02-04-22 9:30AM; Via Videoconference.
Passed First Reading.
Introduced.
| Bill Text Versions | Format |
|---|---|
| SB3250_SD1 | PDF HTML |
| SB3250 | PDF HTML |
| Document | Format |
|---|---|
| No related documents. |
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