SB 806 – Eliminates the deduction for federal income tax liability and raises the personal exemption from $2,100 to $21,100

• Sponsor: LeVota
• LR Number: 5628S.01I
• Committee: Ways and Means
• Last Action: 3/27/2014 - Hearing Scheduled But Not Heard S Ways and Means Committee
• Effective Date: August 28, 2014

Current Bill Summary

SB 806 - This act repeals the income tax deduction for federal income tax liability for tax years beginning on or after January 1, 2015. Beginning January 1, 2015, the personal exemption amount is raised from $2,100 to $21,100.

MIKE HAMMANN