To exempt from state income tax up to $5,000, and $10,000 on joint returns, contributed to or earned by a specialty savings account that the bill would authorize for the purpose of making a home purchase. Up to $50,000 worth of income could be exempted from taxation by an account owner over time.
37 Yeas / 1 Nay | |
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Democrat (11 Yeas / 0 Nays) | |
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