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2011 SESSION
HB 2299 Income and sales & use taxes; removes remaining portion of tax from food for human consumption, etc.
Introduced by: David L. Englin | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Individual income tax and sales and use tax. Removes the remaining portion of the state sales and use tax (one and one-half percent) from food for human consumption (effective July 1, 2012) and restructures the individual income tax rate brackets for taxable years beginning on or after January 1, 2012.
The changes in the individual income tax brackets are as follows:
In Excess Of But No More Than Tax Rate
$0 $3,000 2.0% (same as current law)
$3,000 $5,000 3.0% (same as current law)
$5,000 $20,000 5.0% (increase in top income amt)
$20,000 $300,000 5.75% (new income amounts)
$300,000 6.75% (new top rate)
FULL TEXT
HISTORY
- 01/12/11 House: Prefiled and ordered printed; offered 01/12/11 11100717D
- 01/12/11 House: Referred to Committee on Finance
- 01/19/11 House: Assigned Finance sub: #1
- 01/31/11 House: Subcommittee recommends passing by indefinitely by voice vote
- 02/08/11 House: Left in Finance