IN HB1411 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on January 11 2024 - 25% progression, died in committee
Action: 2024-01-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 11 2024 - 25% progression, died in committee
Action: 2024-01-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Elimination of state individual income tax. Eliminates the state individual adjusted gross income tax by reducing the rate to 0%. Provides that in calculating the local income tax (LIT), which is imposed based on a local taxpayer's state adjusted gross income, the calculation of a taxpayer's state adjusted gross income for LIT purposes shall be calculated under the adjusted gross income tax provisions as if those provisions, and the most recent adjusted gross income tax rate before its elimination, were still in effect.
Title
Elimination of state individual income tax.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-01-11 | House | First reading: referred to Committee on Ways and Means |
2024-01-11 | House | Authored by Representative Payne |
2024-01-11 | House | Coauthored by Representatives Hostettler, Sweet, Cash |