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Legislative Year: 2023 Change

Bill Detail: HB23-1063

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Title Reduction Of State Income Tax Rate
Status House Committee on State, Civic, Military, & Veterans Affairs Postpone Indefinitely (02/09/2023)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors S. Bottoms (R)
Senate Sponsors
House Committee State, Civic, Military and Veterans Affairs
Senate Committee
Date Introduced 01/19/2023

For income tax years commencing on and after January 1, 2024,
the bill reduces both the individual and the corporate state income tax
rates from 4.40% to 3.5%. The bill also exempts the rate reductions from
the existing statutory requirements that tax expenditure legislation include
a tax preference performance statement in a statutory legislative
declaration and a repeal after a specified period of tax years.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (08/24/2023) (most recent)  
Additional Bill Documents Bill Documents
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  • Past fiscal notes
  • Committee activity and documents
  • Bill History
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