SB 0334 | Raises dependency exemption to $600; over 65 - $2,000 |
Sponsor: | SCHNEIDER | ||
Committee: | WAME | LR Number: | S1224.02I |
Last Action: | 02/14/95 - Hearing Conducted S Ways & Means Committee | ||
Title: | |||
Effective Date: | August 28, 1995 | ||
SB 334 - This act would raise the dependency exemption
deduction from $400 to $600 beginning with the 1996 tax year.
Also beginning in 1996, the dependency exemption deduction for
elderly adult dependents over 65 is increased to $2,000.
TOM CRAWFORD