SB 806 Eliminates the deduction for federal income tax liability and raises the personal exemption from $2,100 to $21,100
Sponsor: LeVota
LR Number: 5628S.01I Fiscal Note available
Committee: Ways and Means
Last Action: 3/27/2014 - Hearing Scheduled But Not Heard S Ways and Means Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2014

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Current Bill Summary

SB 806 - This act repeals the income tax deduction for federal income tax liability for tax years beginning on or after January 1, 2015. Beginning January 1, 2015, the personal exemption amount is raised from $2,100 to $21,100.