Proposed H.B. No. 5113
Session Year 2024
AN ACT INCREASING THE HIGHEST MARGINAL RATE OF THE PERSONAL INCOME TAX AND ESTABLISHING A CAPITAL GAINS SURCHARGE TO PROVIDE FUNDING FOR CERTAIN CHILD-RELATED, MUNICIPAL AND HIGHER EDUCATION INITIATIVES.
To increase certain personal income tax marginal rates and establish a capital gains surcharge to provide funding for a child tax credit, a mill rate cap and municipal reimbursements for such cap and support of certain higher education programs and institutions.