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SB18-061

Reduce The State Income Tax Rate

Concerning a reduction of the state income tax rate.
Session:
2018 Regular Session
Subject:
Fiscal Policy & Taxes

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 4.43%. The bill also reduces the state alternative minimum tax by 0.2% for income tax years commencing on and after January 1, 2018.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. K. Grantham, Sen. J. Sonnenberg

Sponsor

Co-sponsor