Proposed S.B. No. 76
Session Year 2024
 


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.

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Bill History

 Date Action Taken
 2/14/2024Referred to Joint Committee on Finance, Revenue and Bonding

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