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House Bill
HB 1012:
Increasing standard tax deduction to $4,400
Not Bipartisan
Bill Primary sponsors
Representative David Ray
Cosponsors
None
Filed 11.28.22
Full Bill Title
To Amend the standard deduction for income tax purposes; And to increase the standard deduction.
Summary
What it does
This bill would increase the standard income tax deduction to $4,400 per taxpayer beginning Jan. 1, 2023. The standard deduction is currently $2,200.
CONTEXT: The Department of Finance and Administration will create a fiscal impact statement to accompany this bill and we will post here when available.
Options: Filed, on agenda, passed, failed… (more)
Status
Filed
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