HB24-1134
Adjustments to Tax Expenditures to Reduce Burden
Concerning adjustments to existing income tax expenditures to reduce taxpayer burden, and, in connection therewith, making adjustments to the credit for child and dependent care expenses; increasing the value of the earned income tax credit as a percentage of the federal credit for income tax years commencing on or after January 1, 2024; repealing obsolete provisions concerning the corporate income tax; and making the state's corporate income tax more uniform compared to other states by replacing the current combined reporting standard with the multistate tax commission's standard and modifying the computation of the receipts factor to make it more congruent with the unitary business principle.
04/30/2024 | House Second Reading Special Order - Passed with Amendments - Committee, Floor
2024 Regular Session
Bill
Fiscal Policy & Taxes