SB 1436 – Exempts certain income from the earnings tax

• Sponsor: Schroer
• LR Number: 5829S.01I
• Committee: Fiscal Oversight
• Last Action: 3/7/2024 - Second Read and Referred S Fiscal Oversight Committee
• Journal Page: S474
• Effective Date: August 28, 2024

Current Bill Summary

SB 1436 - This act exempts from the earnings tax all income received by citizens who are low-income taxpayers, who are defined as any individual with an income at or below $30,500.

This act is substantially similar to HCS/HBs 2464 & 2460 (2024) and HB 2825 (2024).

JOSH NORBERG

Amendments

No Amendments Found.