HB18-1203

HB18-1203 - Reduce State Income Tax

Postponed Indefinitely
Concerning a reduction of the state income tax rate.

For income tax years commencing on and after January 1, 2018, the bill reduces both the individual and the corporate state income tax rate from 4.63% to 4%. The bill also reduces the state alternative minimum tax by 0.63% for income tax years commencing on and after January 1, 2018.

(Note: This summary applies to this bill as introduced.)

 

Latest update: March 8, 2018
03/08/2018 - House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
02/05/2018 - Introduced In House - Assigned to State, Veterans, & Military Affairs + Appropriations