2015 Regular Session
|At the request of:|
|Bill Title:||Relating to reductions in taxes; prescribing an effective date.|
Authorizes county to exempt first $250,000 of assessed value of homestead of surviving spouse of fire service professional or police officer killed in line of duty from property taxes imposed by all taxing jurisdictions.
Modifies provisions allowing for optional reduced rates of personal income tax on nonpassive income. Expands availability to all pass-through entities. Adjusts rate thresholds using consumer price index. Provides for estimate forming basis of possible rate adjustment to be performed using provisions as modified in Act.] Requires that application filed with county assessor be made on form prescribed by Department of Revenue. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||No Fiscal Impact|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|