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2017 SESSION
SB 757 Income tax, state; modifies tax by establishing a flat 5.75% tax on all taxable income.
Introduced by: Mark D. Obenshain | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Individual income tax. Modifies the individual income tax by establishing a flat 5.75% tax on all taxable income. The bill also increases the standard deduction from $6,000 to $15,000 for married persons and from $3,000 to $7,500 for single individuals. The changes are effective for taxable years beginning on and after January 1, 2017.
FULL TEXT
HISTORY
- 01/22/16 Senate: Presented and ordered printed 16103590D
- 01/22/16 Senate: Referred to Committee on Finance
- 02/09/16 Senate: Continued to 2017 in Finance (15-Y 0-N)
- 12/02/16 Senate: Left in Finance