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Senate Bill 0128

Senate Bill 0128

ARCHIVE (2009)

Latest Information


Phased-in reduction in state income tax rates. Provides for a reduction of the adjusted gross income tax rates that apply to resident, nonresident, and corporate taxpayers in an even- numbered year by 0.1% if revenues collected from the adjusted gross income tax in the immediately preceding two state fiscal years increased by at least 3%. Limits the permissible total decrease in tax rates to 0.5%.
    Current Status:
    In Committee - first House
    Latest Printing (PDF)