SB18-061

SB18-061 - Reduce The State Income Tax Rate

Postponed Indefinitely
Concerning a reduction of the state income tax rate, and, in connection therewith, making an appropriation.

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 the reengrossed version of this bill as introduced in the second house.)

 

Latest update: May 2, 2018
05/02/2018 - House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
04/23/2018 - Introduced In House - Assigned to State, Veterans, & Military Affairs
04/19/2018 - Senate Third Reading Passed - No Amendments
04/18/2018 - Senate Third Reading Laid Over Daily - No Amendments
04/17/2018 - Senate Second Reading Passed with Amendments - Committee
04/16/2018 - Senate Second Reading Laid Over Daily - No Amendments
04/13/2018 - Senate Second Reading Laid Over Daily - No Amendments
04/11/2018 - Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
01/30/2018 - Senate Committee on Finance Refer Unamended to Appropriations
01/11/2018 - Introduced In Senate - Assigned to Finance