HB 1625 -- Income Tax: Federal Income Tax Deduction for
Co-Sponsors: Evans, Griesheimer, Chrismer, Gibbons, Gross,
Gaskill, Linton, Secrest, Reid
This bill authorizes a 100% state income tax deduction for
federal income taxes paid by individuals. Under current law,
individuals are only allowed to deduct up to $5,000 on a single
return and $10,000 on a married filing combined return.
The bill will apply to tax year 2000 and thereafter.
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Last Updated October 5, 2000 at 11:34 am