Proposed H.B. No. 5023
Session Year 2022
 


AN ACT CONCERNING CERTAIN ADJUSTMENTS FOR SENIORS TO PERSONAL INCOME TAX DEDUCTIONS.

To require that, for seniors, (1) qualifying income thresholds for personal income tax deductions be adjusted for inflation, and (2) income from individual retirement accounts be exempt from the personal income tax for taxable years commencing on or after January 1, 2022, rather than the current phase-out schedule.

Introduced by:
Rep. Bill Buckbee, 67th Dist.

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 2/9/2022Referred to Joint Committee on Finance, Revenue and Bonding

Co-sponsors of HB-5023

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