| Measure Title: |
RELATING TO TAXATION.
|
| Report Title: |
Income Tax; Income Tax Brackets; Personal Exemption; Standard Deduction; Cost-of-Living Adjustment; Earned Income Tax Credit; Amount
|
| Description: |
Increases the amounts for the income tax brackets and personal exemption and standard deduction amounts for tax year 2024. Adjusts annually for tax years beginning after 12/31/2024, the income tax brackets and personal exemption, and standard deduction amounts by a cost-of-living adjustment factor. Amends the taxable income brackets and income tax rates for each filing status for taxable years beginning after 12/31/2023. Defines "cost-of-living adjustment factor".
|
| Companion: |
|
| Package: |
None
|
| Current Referral: |
WAM
|
| Introducer(s): |
DELA CRUZ, AQUINO, HASHIMOTO
|
| Act: |
|
| Sort by Date | | Status Text |
| 1/29/2024 | S | Referred to WAM. |
| 1/24/2024 | S | Passed First Reading. |
| 1/24/2024 | S | Introduced. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
Some of the above items require Adobe Acrobat Reader. Please visit
Adobe's download page
for detailed instructions.
SB3280