SB18-061

SB18-061 - Reduce The State Income Tax Rate

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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 4.43%. The bill also reduces the state alternative minimum tax by 0.2% for income tax years commencing on and after January 1, 2018.

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

Senate Committees

Latest update: January 11, 2018
01/11/2018 - Introduced In Senate - Assigned to Finance