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2017 Regular Session
At the request of:
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to the itemized deduction for real property taxes; prescribing an effective date.
Catchline/Summary: 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.
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