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2016 Regular Session



Income Tax - Limitation Based on Federal Income Tax Liability

Sponsored by:

Senator Ready


In the Senate - Unfavorable Report by Budget and Taxation; Withdrawn

Synopsis:Limiting the State income tax liability imposed on specified individuals by providing a limitation based on the individual's federal income tax liability; and applying the Act to all taxable years beginning after December 31, 2015.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Ready, Bates, Eckardt, Salling, and Serafini
Additional Facts:Introduced in a prior session as: SB0155 Session: 2001 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2016
Budget and Taxation
Broad Subject(s):Taxes - Income
Narrow Subject(s):Federal Government
Income Tax
Tax Credits -see also- Circuit Breaker
Statutes:Article - Tax - General

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October 24, 2017 5:08 P.M.