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House Bill 1056


House Bill 1056

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


Variable local option income taxes. Authorizes a taxing unit to impose variable local option income taxes to replace revenue lost to the local unit as a result of: (1) the application of the circuit breaker credit; or (2) the elimination of property taxes on real property wholly owned by individuals residing in the local unit where the individuals pay a variable local option income tax. Repeals the distressed unit appeal board statute.
Current Status:
 In Committee - first House
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