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2011 Regular Session
Overview
At the request of:
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to personal income taxation.
Catchline/Summary: Applies four-year sunset to personal income tax increase provisions of Ballot Measure 66 (2010).
Decreases tax rates for individuals with taxable income above $125,000 for tax years beginning on or after January 1, 2013. Decreases tax liability for certain taxpayers by removing phaseout of subtraction for federal income taxes paid for taxpayer with federal adjusted gross income of $125,000 or more for individual return and $250,000 or more for joint return. Restores subtraction for taxpayer with adjusted gross income of $145,000 or more for individual return and $290,000 or more for joint return. Applies to tax years beginning on or after January 1, 2013.
Chapter Number:
Fiscal Impact: May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact: May Have Revenue Impact, But No Statement Yet Issued
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: In House Committee
Current Committee: House Committee On Revenue
Current Subcommittee:
Subsequent Referral(s):
Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
Measure History
Scheduled Events