HB 1651 IN
Elimination of state individual income tax.
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Summary
Eliminates the state individual adjusted gross income tax by reducing the rate to 0%. Provides that in calculating the local income tax (LIT), which is imposed based on a local taxpayer's state adjusted gross income, the calculation of a taxpayer's state adjusted gross income for LIT purposes shall be calculated under the adjusted gross income tax provisions as if those provisions, and the most recent adjusted gross income tax rate before its elimination, were still in effect.
Sponsor (1)
- Zach Payne Republican · author
1 coauthor / cosponsor
- Lorissa Sweet Republican · coauthor
Action history (3)
- Jan 21, 2025 First reading: referred to Committee on Ways and Means · lower
- Jan 21, 2025 Authored by Representative Payne · lower
- Jan 27, 2025 Representative Sweet added as coauthor · lower
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