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2024 SESSION

• | print version

HB 541 Income tax, state; deduction for qualified business income.

Introduced by: Joseph P. McNamara | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; deduction for qualified business income. Establishes, beginning with tax year 2024, an individual income tax deduction in an amount equal to 50 percent of certain federal qualified business income deductions, excluding qualified real estate investment trust dividends.

FULL TEXT

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24101583D  pdf | impact statement

HISTORY

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24101583D
• 01/09/24  House: Referred to Committee on Finance
• 02/02/24  House: Assigned Finance sub: Subcommittee #1
• 02/05/24  House: Subcommittee recommends laying on the table (7-Y 1-N)
• 02/13/24  House: Left in Finance