Legislation

Title: Income Tax - Alteration of Brackets and Rates (Economic Prosperity Act of 2024)
Sponsored by: Senators Corderman, Hershey, Ready, Bailey, Carozza, Folden, Gallion, Jennings, Mautz, McKay, Salling, Simonaire, and West
Status: In the Senate - Hearing 2/21 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Altering the rates and rate brackets under the State income tax on certain income of individuals; and applying the Act to all taxable years beginning after December 31, 2023.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0803

Bill File Type: Regular

Effective Date(s): July 1, 2024

History

Legislation History
Chamber Senate Calendar Date 2/01/2024 Legislative Date 2/01/2024 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Alteration of Brackets and Rates (Economic Prosperity Act of 2024) Proceedings
Chamber Senate Calendar Date 2/01/2024 Legislative Date 2/01/2024 Action Hearing 2/21 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/01/2024	2/01/2024	First Reading Budget and Taxation
			Text - First - Income Tax - Alteration of Brackets and Rates (Economic Prosperity Act of 2024)
Senate	2/01/2024	2/01/2024	Hearing 2/21 at 1:00 p.m.

File Code

Subjects

Statutes