Revenue and taxation; individual income tax; rates; brackets; revenue determinations; effective date.

Header information changed from 'ENGROSSED HOUSE' to 'HOUSE OF REPRESENTATIVES - FLOOR VERSION' with updated legislative session details.

Page numbering and formatting changed from 'ENGR. H. B. NO. 1539' to 'HB1539 HFLR' with added notes about bold face denoting committee amendments.

Line breaks and spacing adjusted throughout the document to match floor version formatting standards.

Added Senate coauthors (Bullard, Jett, Wingard, Stewart, Hamilton, and McIntosh) to the bill header

Changed the document title from 'AS INTRODUCED' to 'ENGROSSED SENATE AMENDMENT' and updated page headers to reflect Senate amendment status

Removed original House bill formatting markers and replaced with Senate amendment markup

Added passage dates for Senate (April 10, 2025) and House (blank date field)

Added new tax brackets: 1/2% on first $1,000, 1% on next $1,500, 2% on next $1,250, 3% on next $1,150, 4% on next $2,300, 5% on next $1,500, and 5.50% on remainder for 2008 tax year.

Changed top marginal individual income tax rate from 5.50% to 5.25% for 2009 and subsequent tax years, contingent on State Board of Equalization determination.

Added requirement that top rate reduction is contingent upon determination by State Board of Equalization pursuant to Section 2355.1A.

Restored bill title and added Senate coauthors (Bullard, Jett, Wingard, Stewart, Hamilton, and McIntosh).