|
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
|
