SB 1138
Authorizes a tax credit for all taxpayers
LR Number:
Last Action:
3/31/2022 - Hearing Conducted S Ways and Means Committee
Journal Page:
Calendar Position:
Effective Date:
Emergency Clause

Current Bill Summary

SB 1138 - This act establishes the "It's Your Money Act".

For the 2021 tax year, this act allows a taxpayer to receive a tax credit in the amount of $500. The Department of Revenue shall automatically apply the tax credit authorized by this act to a taxpayer's tax liability, and a taxpayer shall not be required to apply for such tax credit or to amend a return to claim such tax credit.

Tax credits authorized by this act shall be refundable, and such refunds shall be remitted to a taxpayer no later than June 1, 2022.

The provisions of this act shall expire on December 31, 2022.

This act contains an emergency clause.



No Amendments Found.