Proposed H.B. No. 5040
Session Year 2021
 


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 that is currently taxable be exempt from the personal income tax.

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

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Bill History

 Date Action Taken
 1/11/2021Referred to Joint Committee on Finance, Revenue and Bonding

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