SB 1010 – Reauthorizes an income tax deduction for certain savings accounts

• Sponsor: Cierpiot
• LR Number: 3963S.01I
• Committee: Economic Development and Tax Policy
• Last Action: 2/26/2024 - Voted Do Pass S Economic Development and Tax Policy Committee
• Effective Date: August 28, 2024

Current Bill Summary

SB 1010 - Current law authorizes an income tax deduction for one hundred percent of a participating taxpayer's contributions to a long-term dignity savings account, with such deduction scheduled to sunset on December 31, 2024. This act extends the sunset on the deduction until December 31, 2029.

JOSH NORBERG

Amendments

No Amendments Found.