SB 470 - Ridgeway, Luann
Modifies the individual income tax rates
Bill Details
Sponsor
LR Number
2118S.01I
Title
SB 470
House Handler
N/A
Journal Page
Effective Date
August 28, 2009
Committee
Current Status
Second Read and Referred S Ways and Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 470 - Under current law, any amount of individual taxable income above nine thousand dollars is taxed at a rate of six percent. This act modifies the tax table by lowering the highest rate of tax to four percent of taxable income in excess of five thousand dollars.
JASON ZAMKUS