Engrossed House Bill (H)

Authored by

Co-Authored by

Sponsored by

DIGEST

Requires that the income tax exemption for individuals, dependents, individuals who are blind, and the elderly (including a dependent child and the elderly with an adjusted gross income less than $40,000) must be adjusted according to the Consumer Price Index. Increases the dependent child exemption from $1,500 to $2,000. Requires the department of state revenue to publish certain information concerning adjustments to personal exemptions on the transparency Internet web site. Requires that the income tax exemption for individuals, dependents, individuals who are blind, and the elderly (including a dependent child and the elderly with an adjusted gross income less than $40,000) must be adjusted according to the Consumer Price Index. Increases the dependent child exemption from $1,500 to $2,000. Requires the department of state revenue to publish certain information concerning adjustments to personal exemptions on the transparency Internet web site.