income tax deductions

May 26, 2017

Moving closer to a special session

There comes a time, in most legislative sessions, when things appear on the verge of a complete breakdown.

Number of the Day

$4.6 million - Projected revenue gain from House Bill 501, which would eliminate several state income tax deductions and replace the current three-bracket structure with a 3.95 percent flat tax on income above $12,500. (Source: Legislative Fiscal Office)