Staff Analysis of the Legislation
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04.25.2024 The House Ways and Means Committee gave this bill a favorable report as amended. The amendment removes the previously adopted subcommittee amendment; adds language from H5225; and gives counties the option to exempt groceries from local transportation sales taxes.
04.17.2024 The House Ways and Means Sales, Use and Income Tax subcommittee gave this bill a favorable report as amended. The amendment phases in the increase and the tax deduction over the next four years.
02.27.2024 The Senate Finance Committee gave this bill a favorable report.
02.20.2024 The Senate Finance Sales and Income Tax subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Increases the subsistence deduction amount from the individual taxable income of law enforcement officers and firefighters. |
