House Amendment 5 to House Bill 240

149th General Assembly (Present)

Bill Progress

Passed

Bill Details

6/30/17
This amendment eliminates the tax rate increases for all existing brackets below $60,000, while allowing taxpayers to elect to deduct the greater of the current standard deduction or 50% of their itemized deductions. Additionally, this amendment increases the tax rate to 7.1% in the bracket over $150,000.

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Amendments

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