Introduced
by
To speed up an income tax cut from 4.35 percent to 4.25 percent that under current law will happen on Jan, 1, 2013. Under the bill, it would go into effect on Oct. 1, 2012. See also House Bill 5700, which increases the personal income tax exemption.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To tie-bar the bill to House Bill 5407, meaning this bill cannot become law unless that one does also. HB 5407 would increase the state Earned Income Tax Credit, a “refundable” tax credit (or “reverse income tax”) for low income workers.
The amendment failed by voice vote
Amendment offered
by
To lower the state income tax to 3.9 percent.
The amendment failed by voice vote
Passed in the House 103 to 5 (details)
Motion
To give the bill immediate effect.
The motion passed 99 to 9 (details)
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
by
To cut the income tax rate to zero.
The amendment failed 16 to 21 (details)
Passed in the Senate 31 to 7 (details)
To speed up an income tax cut from 4.35 percent to 4.25 percent that under current law will happen on Jan, 1, 2013. Under the bill, it would go into effect on Oct. 1, 2012. See also House Bill 5700, which increases the personal income tax exemption.
