Rate
AI Summary: The bill proposes gradual adjustments to individual income tax rates and brackets. This would likely impact how much individuals pay in federal income taxes over time as the changes are implemented. The purpose of the bill is to potentially modify the current tax structure to better align with certain policy goals or economic conditions.
Latest Action: Introduced
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Actions (5):
2023-05-08 : Introduced
2023-05-08 : Read first time and referred to Committee on Ways and Means
2023-05-11 : Representative Kitchens added as a coauthor
2023-05-23 : Fiscal estimate received
2024-04-15 : Failed to pass pursuant to Senate Joint Resolution 1
Democrat Republican