SB 1067 - Hoskins, Denny
Reduces the net general revenue collection threshold for income tax rate reductions
Bill Details
Sponsor
LR Number
4945S.01I
Title
SB 1067
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2022
Committee
Current Status
Voted Do Pass S Ways and Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 1067 - Current law provides for multiple reductions in the top rate of income tax in annual 0.1% increments, provided net general revenue collections exceed a certain threshold. This act reduces such net general revenue collection threshold from $150 million to $100 million.
JOSH NORBERG