2017 Regular Session
|At the request of:|
|Bill Title:||Relating to the itemized deduction for real property taxes; prescribing an effective date.|
Phases out allowance of itemized deduction for real property taxes, based on income.
Disallows deduction if adjusted gross income exceeds $250,000 for joint return, or $125,000 for all others. Requires taxpayer to add back amounts deducted on federal return. Applies to tax years beginning on or after January 1, 2018. Takes effect on 91st day following adjournment sine die.
|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|