2021 Senate Bill 768 ↩

Senate Roll Call 29: Passed

To cut the state income tax rate from 4.25% to 3.9% starting Jan. 1, 2022; authorize a $600 nonrefundable tax credit for dependents age 18 and below; and reduce the corporate income tax from 6.0% to 3.9%. The bill would also increase the annual income tax deduction allowed for individuals age 67 and above from $20,000 to $30,000, and for couples from $40,000 to $60,000.