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Senate Bill 0138


Senate Bill 0138

ARCHIVE (2008)

Latest Information

 

DIGEST OF INTRODUCED BILL


Income tax withholding. Provides that in computing an employee's income tax withholding, an employer may make an allowance for a withholding exemption claimed by an employee only if the employee furnishes the employer with the Social Security number of the individual for whom the employee is claiming the withholding exemption. Provides that an employer shall file a report annually with the department of state revenue (department) that lists the Social Security numbers of individuals for whom the employer's employees claimed withholding exemptions. Provides that the amount of county adjusted gross income tax (CAGIT) revenue, county option income tax (COIT) revenue, or county economic development income (CEDIT) revenue eligible for distribution to a county is based on the amount of the CAGIT revenue, COIT revenue, or CEDIT revenue collected by the department. (Current law provides that the amount of CAGIT revenue, COIT revenue, or CEDIT revenue eligible for distribution to a county is based on the amount of revenue: (1) collected by the department; and (2) reported on an annual or amended return processed by the department.)
    Current Status:
     In Committee - first House
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