SB 1010 - Cierpiot, Mike
Reauthorizes an income tax deduction for certain savings accounts
Bill Details
Sponsor
LR Number
3963S.01I
Title
SB 1010
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2024
Committee
Current Status
Voted Do Pass S Economic Development and Tax Policy Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 1010 - Current law authorizes an income tax deduction for one hundred percent of a participating taxpayer's contributions to a long-term dignity savings account, with such deduction scheduled to sunset on December 31, 2024. This act extends the sunset on the deduction until December 31, 2029.
This provision is identical to a provision in SCS/HCS/HB 1483 (2024).
JOSH NORBERG