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House Bill 1580


House Bill 1580

ARCHIVE (2003)

Latest Information

 

DIGEST OF INTRODUCED BILL


Income tax credits and deductions. Provides that a taxpayer filing a single return may not claim the additional $500 income tax deduction for the elderly if the taxpayer's adjusted gross income is more than $20,000. (Under current law, a $40,000 income limitation applies to taxpayers filing a single return and to married taxpayers filing a joint return.) Increases the amount of the unified income tax credit for the elderly for a claimant residing with a spouse who is also eligible for the credit.
Current Status:
 In Committee - first House
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