RELATING TO TAXATION.
Summary
Increases personal income tax revenues for high earning taxpayers by establishing new income tax brackets and rates that are applied against a broader level of taxable income for taxable years beginning after 12/31/2021. Increases the tax on capital gains. Increases the corporate income tax and establishes a single corporate income tax rate. Exempts unemployment payments from the State's personal income tax from 1/1/2022.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 18, 2022
Last action Jan 26, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 26, 2022
Committee
Referred to ECD, FIN, referral sheet 1
lower
Jan 19, 2022
Introduced
Introduced and Pass First Reading.
lower
Jan 18, 2022
Introduced
Prefiled.
lower
10 primary · 0 co-sponsors
Sponsors
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