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2022 SESSION
HB 472 Income tax, state; increases standard deduction.
Introduced by: Joseph P. McNamara | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Income tax; standard deduction. Increases the standard deduction, starting with taxable year 2022, from $4,500 to $9,000 for single filers and from $9,000 to $18,000 for married filers (one-half of such amount in the case of a married individual filing a separate return). The increase would remain in effect until taxable year 2026, when the standard deduction is scheduled to be reduced to $3,000 for single filers and to $6,000 for married filers.
FULL TEXT
- 01/11/22 House: Prefiled and ordered printed; offered 01/12/22 22100741D pdf | impact statement
- 02/02/22 House: Committee substitute printed 22105245D-H1 pdf | impact statement
AMENDMENTS
HISTORY
- 01/11/22 House: Prefiled and ordered printed; offered 01/12/22 22100741D
- 01/11/22 House: Referred to Committee on Finance
- 01/27/22 House: Assigned Finance sub: Subcommittee #1
- 02/02/22 House: Committee substitute printed 22105245D-H1
- 02/02/22 House: Reported from Finance with substitute (11-Y 10-N)
- 02/02/22 House: Referred to Committee on Appropriations
- 02/11/22 House: Reported from Appropriations (10-Y 8-N)
- 02/13/22 House: Read first time
- 02/14/22 House: Read second time
- 02/14/22 House: Committee substitute agreed to 22105245D-H1
- 02/14/22 House: Engrossed by House - committee substitute HB472H1
- 02/15/22 House: Read third time and passed House (52-Y 48-N)
- 02/15/22 House: VOTE: Passage (52-Y 48-N)
- 02/16/22 Senate: Constitutional reading dispensed
- 02/16/22 Senate: Referred to Committee on Finance and Appropriations
- 03/01/22 Senate: Continued to 2023 in Finance and Appropriations (11-Y 3-N 1-A)