An Act increasing tax fairness

This bill, titled "An Act increasing tax fairness," aims to adjust how taxable income is calculated for state tax purposes. The legislation directly affects individuals and entities subject to state income taxation by proposing changes to the rules governing what counts as taxable earnings. Currently, the bill is in the early stages of the legislative process, having been referred to the Revenue Committee and scheduled for a hearing, but it has not yet been enacted into law. As a result, no specific tax rates, deductions, or exemptions have been finalized or implemented.