AN ACT CONCERNING PERSONAL INCOME TAX DEDUCTIONS FOR SENIORS.
To require that, for seniors, (1) the qualifying income threshold for any personal income tax deduction be indexed to reflect the rate of inflation, and (2) the personal income tax deduction for any distribution from certain individual retirement accounts be effective for taxable years commencing on or after January 1, 2023, in lieu of the current phase-in schedule.
Introduced by:
Rep. Bill Buckbee, 67th Dist.| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Proposed Bill [doc] |
Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 1/17/2023 | Referred to Joint Committee on Finance, Revenue and Bonding |
Co-sponsors of HB-5418
Sen. Jeff Gordon, 35th Dist.
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