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 21, 2022
Last action Feb 2, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
2
Committee
3
Feb 2, 2022
Upper · Passed
The committee on WAM deferred the measure.
upper
Jan 27, 2022
Upper · Passed
The committee(s) on WAM has scheduled a public hearing on 02-02-22 10:00AM; CR 211 & Videoconference.
upper
Jan 24, 2022
Committee
Referred to WAM .
upper
Jan 21, 2022
Introduced
Introduced.
upper
3 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Karl Rhoads
DDemocratic
P
LA
Laura Acasio
DDemocratic
P
Stanley Chang
DDemocratic
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