HB18-1203
Reduce State Income Tax
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
Concerning a reduction of the state income tax rate.
Bill Summary:
For income tax years commencing on and after January 1, 2018, the bill reduces both the individual and the corporate state income tax rate from 4.63% to 4%. The bill also reduces the state alternative minimum tax by 0.63% for income tax years commencing on and after January 1, 2018.
(Note: This summary applies to this bill as introduced.)
Committees
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 02/05/2018 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1203 to the Committee on Finance. | The motion failed on a vote of 3-6. | Vote summary |
| Postpone House Bill 18-1203 indefinitely. | The motion passed on a vote of 6-3. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 03/08/2018 | House | House Committee on State, Veterans, & Military Affairs Postpone Indefinitely |
| 02/05/2018 | House | Introduced In House - Assigned to State, Veterans, & Military Affairs + Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor
(None)