SB 1067 – Reduces the net general revenue collection threshold for income tax rate reductions

• Sponsor: Hoskins
• LR Number: 4945S.01I
• Committee: Ways and Means
• Last Action: 3/31/2022 - Voted Do Pass S Ways and Means Committee
• Effective Date: August 28, 2022

Current Bill Summary

SB 1067 - Current law provides for multiple reductions in the top rate of income tax in annual 0.1% increments, provided net general revenue collections exceed a certain threshold. This act reduces such net general revenue collection threshold from $150 million to $100 million.

JOSH NORBERG

Amendments

No Amendments Found.