SB 0063 Restores full federal income tax deductibility for individuals
LR Number:S0276.01I Fiscal Note:0276-01
Committee:Ways and Means
Last Action:02/16/99 - Hearing Conducted S Ways & Means Committee Journal page:
Effective Date:August 28, 1999
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Current Bill Summary

SB 63 - Current law limits the deduction for federal income taxes paid by individuals to $5,000 for single filers and $10,000 for married couples filing a combined return. This act removes those limitations and allows full deductibility of federal income taxes for individuals beginning January 1, 2000.

The act is similar to SB 590 (1998).