SB 102
Reauthorizes an income tax deduction for certain savings accounts
Sponsor:
LR Number:
0110S.01I
Committee:
Last Action:
1/8/2025 - S First Read
Journal Page:
S23
Title:
Effective Date:
August 28, 2025

Current Bill Summary

SB 102 - Current law authorizes an income tax deduction for one hundred percent of a participating taxpayer's contributions to a long-term dignity savings account, with such deduction scheduled to sunset on December 31, 2024. This act extends the sunset on the deduction until December 31, 2030.

This act is identical to SB 1010 (2024) and to a provision in SCS/HCS/HB 1483 (2024).

JOSH NORBERG

Amendments

No Amendments Found.