HB1612 Restores full federal income tax deductibility by individuals on state income tax returns.
Sponsor: Loudon, John (88) Effective Date:00/00/0000
CoSponsor: LR Number: 3900L.01I
Last Action: 02/03/2000 - Referred: Ways and Means (H)
HB1612
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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* Introduced
Available Bill Text for HB1612
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BILL SUMMARIES

INTRODUCED

HB 1612 -- Income Tax:  Federal Income Tax Deduction for
Individuals

Sponsor:  Loudon

This bill authorizes a 100% state income tax deduction for
federal income taxes paid by individuals.  Under current law,
individuals are only allowed to deduct up to $5,000 on a single
return and $10,000 on a married filing combined return.

The bill will apply to tax year 2000 and thereafter.
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Last Updated October 5, 2000 at 11:33 am