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SB20-020

Reduce The State Income Tax Rate

Concerning a reduction of the state income tax rate.
Session:
2020 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

For income tax years commencing on and after January 1, 2020, the bill:

  • Reduces both the individual and the corporate state income tax rate from 4.63% to 4.49%; and
  • Reduces the state alternative minimum tax by 0.14%.
    (Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. J. Sonnenberg
Rep. R. Holtorf, Rep. R. Pelton

Sponsor

Co-sponsor

COVID-19 Resources
2021 Ballot Information Booklet (Blue Book)
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