- Income Tax Exemption Amount - Elderly Individuals
- Sponsored by
- The President (By Request - Administration) and Senators Bates, Cassilly, Eckardt, Edwards, Hershey, Hough, Jennings, Kelley, Klausmeier, Mathias, Muse, Norman, Ready, Reilly, Rosapepe, Salling, Serafini, Simonaire, and Waugh
- In the Senate - Hearing 2/24 at 1:00 p.m.
- Fiscal and Policy Note
Increasing, from $1,000 to $5,000, the exemption allowed under the State income tax for an individual that is at least 65 years old on the last day of a taxable year; phasing in the increase over 4 taxable years; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2016
By Request of the Governor
|Date Posted||Document Name|
|1/28/2016||Text - First - Income Tax Exemption Amount - Elderly Individuals|
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Last Updated: 2/3/2020 2:29 PM