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2011 Regular Session
Overview
At the request of:
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to taxation; prescribing an effective date.
Catchline/Summary: Decreases income tax rate for individuals with taxable income above $125,000 for tax years beginning on or after January 1, 2012.
Establishes alternative minimum tax for personal income taxpayers. Allows subtraction from federal taxable income for 50 percent of capital gains invested in trade or business if investment is maintained for at least 10 years. Applies to tax years beginning on or after January 1, 2012. Takes effect on 91st day following adjournment sine die.
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