AN ACT REDUCING THE PERSONAL INCOME TAX MARGINAL RATES FOR CERTAIN TAXPAYERS AND CONCERNING THE ASSET EXPENSE DEDUCTION FOR CORPORATIONS.
To reduce the marginal rates for the personal income tax and allow an eligible taxpayer to claim the entirety of an asset expense deduction under Section 179 of the Internal Revenue Code at once rather than incrementally.
Introduced by:
Sen. Ryan Fazio, 36th Dist.| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Proposed Bill [doc] |
Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 2/14/2024 | Referred to Joint Committee on Finance, Revenue and Bonding |
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