Reduce The State Income Tax Rate
Summary
For income tax years commencing on and after January 1, 2020, the bill: Reduces both the individual and the corporate state income tax rate from 4.63% to 4.49%; and Reduces the state alternative minimum tax by 0.14%.(Note: This summary applies to this bill as introduced.)
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2020
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2020
Last action Jan 22, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
1
Committee
1
Jan 22, 2020
Upper · Passed
Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
upper
Jan 8, 2020
Introduced
Introduced In Senate - Assigned to State, Veterans, & Military Affairs
upper
3 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jerry Sonnenberg
RRepublican
P
RH
Richard Holtorf
RRepublican
P
Rod Pelton
RRepublican
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