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HB1151    Pdf File  
Measure Title: RELATING TO INCOME TAX WITHHOLDING.
Report Title: Income Taxation; Withholding; Exemptions
Description: For taxable years beginning after December 31, 2024, (1) repeals the maximum tax rate that may be considered in determining the amount of income tax that must be withheld and the requirement that a standard deduction allowance be treated as if it was denominated as a withholding exemption, and (2) for the purpose of income tax withholding, permits the Director of Taxation to prescribe a standard deduction allowance in an amount more or less than one whole exemption.
Companion:  SB1470
Package: Governor
Current Referral: FIN
Introducer(s): NAKAMURA (Introduced by request of another party)
Act:

Sort by Date Status Text
1/23/2025HReferred to FIN, referral sheet 3
1/23/2025HIntroduced and Pass First Reading.
1/21/2025HPending introduction.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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HB1151
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