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Legislative Year: 2022 Change
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Bill Detail: HB22-1021

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Title Reduce State Income Tax Rate
Status House Committee on State, Civic, Military, & Veterans Affairs Postpone Indefinitely (03/14/2022)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors K. Ransom (R)
Senate Sponsors J. Sonnenberg (R)
House Committee State, Civic, Military and Veterans Affairs
Senate Committee
Date Introduced 01/12/2022
Summary

For income tax years commencing on and after January 1, 2022,
the bill reduces both the individual and the corporate state income tax
rates from 4.55% to 4.4%. The bill also exempts the rate reductions from
the existing statutory requirements that tax expenditure legislation include
a tax preference performance statement in a statutory legislative
declaration and a repeal after a specified period of tax years.

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Fiscal Notes Fiscal Notes (01/19/2022) (most recent)  
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