HB684 REPEALS LIMITS ON DEDUCTIBILITY OF FEDERAL INCOME TAX.
Sponsor: Ross, Carson (55) Effective Date:00/00/0000
CoSponsor: Gibbons, Michael R. (94) LR Number:1535-01
Last Action: 02/03/1999 - Referred: Ways and Means (H)
HB684
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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BILL SUMMARIES

INTRODUCED

HB 684 -- Income Tax Deduction for Federal Income Taxes Paid

Co-Sponsors:  Ross, Gibbons, Gunn, Lograsso, Secrest, Evans

This bill removes the individual income tax deduction limit for
federal income taxes paid by a taxpayer beginning on January 1,
2000.  Under current law, the federal income tax deduction is
limited to $5,000 for a single taxpayer and $10,000 for married
taxpayers.


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Last Updated September 30, 1999 at 1:26 pm