The bill aims to set a single flat rate for individual income taxes. This would simplify the tax system by applying the same tax rate to all income levels. The main provision is the establishment of a uniform tax rate for all taxpayers, regardless of their income. This change could potentially impact how individuals are taxed and may lead to changes in overall tax revenue and progressivity.
2023-01-19: Introduced
2023-01-19: Read first time and referred to Committee on Ways and Means
2023-01-23: Representative Moses added as a coauthor
2023-01-26: Representative Donovan added as a coauthor
2023-02-13: Fiscal estimate received
2023-04-20: Fiscal estimate received
2024-04-15: Failed to pass pursuant to Senate Joint Resolution 1
Contribute Your Insights: Add a Unique Perspective to Political Bills. Your Contribution will be Featured Below the Primary Bill, Ordered by Date Added.
No Reviews found ..