2007 Special Session 1

SENATE BILL 12

File Code: Taxes - Income
Sponsored By:
Senators Forehand and Kasemeyer
Entitled:
Individual Income Tax - Rate

Synopsis:

Increasing from 4.75% to 5% the top marginal State individual income tax rate; repealing obsolete provisions; and applying the Act to tax years after 2007.

History by Legislative and Calendar Date

Senate Action
10/29
First Reading Budget and Taxation
10/31
Hearing 11/2 at 2:00 p.m.
House Action
No Action

Sponsored by:

Senator Jennie M. Forehand, District 17
Senator Edward J. Kasemeyer, District 12

Bill indexed under the following Subject:

Income Tax

Bill affects the following Statute:

Tax - General
( 10-105 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered