HB1246 Reduces the individual income tax rates by one-half of one percent.
Sponsor: Wright, Mark (137) Effective Date:00/00/0000
CoSponsor: LR Number: 3216L.01I
Last Action: COMMITTEE: WAYS AND MEANS
01/25/2000 - Public Hearing Held (H)
HB1246
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1246 Copyright(c)
* Introduced

Available Bill Text for HB1246
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1246 -- Income Tax Rate

Sponsor:  Wright

This bill lowers the tax percentage rates of the 10 income
brackets used in the computation of individual income tax
liability.  The bill lowers the tax percentage of each income
bracket by 1/2%.  The top rate for taxable income over $9,000
will 5.5% instead of 6%.

This rate reduction will apply to tax years beginning after
January 1, 2000.


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Last Updated October 5, 2000 at 11:32 am