HB 1034 -- Federal Income Tax Deduction

Co-Sponsors:  Blunt, Wright

Under current law, individual income taxpayers are allowed to
deduct up to $5,000 per taxpayer for federal income tax paid and
corporations are allowed to deduct 50% of federal income taxes
paid.

This bill allows individuals and corporations to fully deduct
all federal income taxes paid for tax years beginning on or
after January 1, 1999.