INTRODUCED
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.
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Last Updated September 30, 1999 at 1:28 pm