IA SF2164

Legislative Description

A bill for an act relating to the individual income tax by modifying the income tax brackets and tax rates, increasing the net income amounts for purposes of the alternate tax and minimum filing thresholds, eliminating the deduction for federal income taxes paid, increasing the personal exemption credit for dependents, and creating an exemption for certain married wage earners, and including effective date and retroactive applicability provisions.

Last Action

Committee Referrals