Personal income taxes: gross income exclusion: homeownership savings accounts.
Summary
The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various exclusions from gross income. This bill, for taxable years beginning on or after January 1, 2018, and before January 1, 2023, would exclude from gross income any income earned on the moneys contributed to a homeownership savings account, as described. This bill would take effect immediately as a tax levy.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2018
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2018
Last action May 25, 2018
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
11
Key actions
4
Committee
6
Amendments
2
May 25, 2018
Lower · Passed
In committee: Held under submission.
lower
May 16, 2018
Committee
In committee: Set, first hearing. Referred to APPR. suspense file.
lower
May 10, 2018
Committee
Re-referred to Com. on APPR.
lower
May 8, 2018
Lower · Passed
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (May 7).
lower
Apr 18, 2018
Committee
Re-referred to Com. on REV. & TAX.
lower
Apr 16, 2018
Lower · Passed
From committee: Amend, and do pass as amended and re-refer to Com. on REV. & TAX. (Ayes 7. Noes 0.) (April 11).
lower
Feb 8, 2018
Committee
Referred to Coms. on H. & C.D. and REV. & TAX.
lower
Feb 1, 2018
Lower · Passed
From printer. May be heard in committee March 3.
lower
1 primary · 1 co-sponsor
Sponsors
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