SB 12
Authorizes an income tax exemption for certain dependents
Sponsor:
LR Number:
5948S.01I
Committee:
Last Action:
9/15/2022 - Second Read and Referred S Appropriations Committee
Journal Page:
S9
Title:
Calendar Position:
Effective Date:
90 days after adjournment

Current Bill Summary

SB 12 - Current law authorizes a taxpayer to claim a $1,200 exemption for each dependent for whom such taxpayer is entitled to a dependency exemption for federal tax purposes, provided such federal exemption is not equal to $0. This act also authorizes a taxpayer to claim a $1,200 exemption for each unborn child for which the taxpayer will be entitled to a dependency exemption for federal tax purposes once the unborn child is born. A taxpayer shall not claim such exemption in the same tax year that the taxpayer claims a dependency exemption for such child for federal tax purposes.

JOSH NORBERG

Amendments

No Amendments Found.