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2016 SESSION
HB 693 Income tax, state; adjusts standard deduction for inflation.
Introduced by: Betsy B. Carr | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Standard deduction; adjusted for inflation. Adjusts the individual income tax standard deduction annually beginning with the 2017 taxable year by the percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U), for all items, from July 1 through June 30 for the year immediately preceding the taxable year.
FULL TEXT
HISTORY
- 01/11/16 House: Prefiled and ordered printed; offered 01/13/16 16102065D
- 01/11/16 House: Referred to Committee on Finance
- 02/02/16 House: Assigned Finance sub: Subcommittee #1
- 02/03/16 House: Subcommittee recommends continuing to 2017 by voice vote
- 02/08/16 House: Continued to 2017 in Finance by voice vote