HB541
Income tax, state; deduction for qualified business income.
Summary
As Introduced. Income tax; deduction for qualified business income.
Establishes, beginning with tax year 2024, an individual income tax deduction in an amount equal to 50 percent of certain federal qualified business income deductions, excluding qualified real estate investment trust dividends.-
Bill History
- 01/09/2024 - House: Prefiled and ordered printed; offered 01/10/24 24101583D
- 01/09/2024 - House: Referred to Committee on Finance
- 01/16/2024 - House: Impact statement from TAX (HB541)
- 02/02/2024 - House: Assigned Finance sub: Subcommittee #1
- 02/05/2024 - House: Subcommittee recommends laying on the table (7-Y 1-N)
- 02/13/2024 - House: Left in Finance
