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Senate Bill 0128
ARCHIVE (2009)
Latest Information
| | DIGEST OF INTRODUCED BILL
Phased-in reduction in state income tax rates. Provides for a reduction of the adjusted gross income tax rates that apply to resident, nonresident, and corporate taxpayers in an even- numbered year by 0.1% if revenues collected from the adjusted gross income tax in the immediately preceding two state fiscal years increased by at least 3%. Limits the permissible total decrease in tax rates to 0.5%. |
Current Status:
| | In Committee - first House |
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