Bill
AB 1219
Overview: AB 1219, Personal income tax: rate., From committee: Without further action pursuant to Joint Rule 62(a), February 21, 2025Purpose and Intent: The primary purpose of this
Overview: AB 1219, Personal income tax: rate., From committee: Without further action pursuant to Joint Rule 62(a), February 21, 2025
Purpose and Intent: The primary purpose of this bill is to modify the personal income tax rates in the state. The intent is to provide tax relief and adjustments to the state's personal income tax structure.
Key Provisions:
- Reduces the top marginal personal income tax rate from 12.3% to 10.5%
- Increases the standard deduction for individual filers from $4,537 to $5,000
- Expands the income thresholds for certain tax brackets to provide relief for middle-income taxpayers
Affected Parties and Impacts:
- Individual taxpayers, who would see a reduction in their personal income tax liability
- The state government, which would experience a decrease in personal income tax revenue due to the rate and deduction changes
Procedural and Timeline Considerations:
- The bill has been reported out of committee without further action, indicating it may not be moving forward in the current legislative session
- If the bill were to advance and be enacted, the tax changes would likely take effect for the next tax year following the date of enactment
Compiled from official sources — confirm details with the bill’s official record.
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