SB 470 Modifies the individual income tax rates
Sponsor: Ridgeway
LR Number: 2118S.01I Fiscal Note:
Committee: Ways and Means
Last Action: 2/26/2009 - Second Read and Referred S Ways and Means Committee Journal Page: S425
Title: Calendar Position:
Effective Date: August 28, 2009

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Current Bill Summary

SB 470 - Under current law, any amount of individual taxable income above nine thousand dollars is taxed at a rate of six percent. This act modifies the tax table by lowering the highest rate of tax to four percent of taxable income in excess of five thousand dollars.