AN ACT CONCERNING THE INDEXING OF PERSONAL INCOME TAX THRESHOLDS AND PERSONAL EXEMPTION AMOUNTS, THE ESTABLISHMENT OF A CHILD TAX CREDIT AND THE DEDUCTION AND WITHHOLDING OF PERSONAL INCOME TAX FROM CERTAIN PAYMENTS AND DISTRIBUTIONS.
Sponsored By: Finance, Revenue and Bonding Committee
Failed
Summary
To (1) require personal income tax thresholds and personal exemption amounts to be indexed for inflation, (2) establish a child tax credit against the personal income tax, and (3) specify the rate an individual may request to be withheld from certain payments and distributions and redefine "lump sum payment" for purposes of such withholding.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Finance, Revenue and Bonding Committee
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Public Hearing 04/14
4/10/2025legislatureReferred to Joint Committee on Finance, Revenue and Bonding
4/9/2025legislature
Bill Text
Raised Bill
4/9/2025
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