Legislation

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.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0455

Bill File Type: Regular

Effective Date(s): July 1, 2016

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 1/27/2016 Legislative Date 1/28/2016 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/28/2016 Legislative Date 1/28/2016 Action Motion Rules Suspended Rule 32 (Senator Klausmeier) Adopted Proceedings 12
Chamber Senate Calendar Date 2/10/2016 Legislative Date 2/10/2016 Action Hearing 2/24 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/27/2016	1/28/2016	First Reading Budget and Taxation
Senate	1/28/2016	1/28/2016	Motion Rules Suspended Rule 32 (Senator Klausmeier) Adopted	12
Senate	2/10/2016	2/10/2016	Hearing 2/24 at 1:00 p.m.

Documents

Date Posted	Document Name
1/28/2016	Text - First - Income Tax Exemption Amount - Elderly Individuals

File Code

Subjects

Statutes