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