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Legislative Year: 2024 Change

Bill Detail: HB24-1065

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Title Reduction of State Income Tax Rate
Status House Committee on Finance Postpone Indefinitely (02/12/2024)
Bill Subjects
  • State Revenue & Budget
House Sponsors R. Pugliese (R)
S. Bottoms (R)
Senate Sponsors B. Kirkmeyer (R)
House Committee Finance
Senate Committee
Date Introduced 01/10/2024

For income tax years commencing on and after January 1, 2025,
the bill reduces both the individual and the corporate state income tax
rates from 4.40% to 4.0%. 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 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 (02/02/2024) (most recent)  
Additional Bill Documents Bill Documents
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  • Past fiscal notes
  • Committee activity and documents
  • Bill History
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