2021 House Bill 4568 ↩

Senate Roll Call 269: Passed

To cut the state income tax rate for individuals from 4.25% to 4.0%; authorize a $500 nonrefundable child tax credit; increase the amount the state adds on to a refundable federal earned income tax credit for low income households that owe no taxes, from 6% to 20% of the federal amount; increase the income tax exemption for individuals age 67 and above from $20,000 to $21,800; authorize tax credits for disabled veterans, and more. The Senate Fiscal Agency estimates the bill would save taxpayers around $2.5 billion annually.