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2016 SESSION
SB 618 Standard deduction; adjusted for inflation.
Introduced by: L. Louise Lucas | 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
- 01/14/16 Senate: Presented and ordered printed 16103530D
- 01/14/16 Senate: Referred to Committee on Finance
- 02/09/16 Senate: Continued to 2017 in Finance (15-Y 0-N)