Did not become law. It stopped in the Senate's Finance, Revenue and Bonding Committee on January 18, 2023. The 2023 session has ended.
2023 Regular Session
Senate Bill 370
AN ACT REDUCING THE PERSONAL INCOME TAX MARGINAL RATES AND CONCERNING THE ASSET EXPENSE DEDUCTIONS.
What it does
The synopsis the General Assembly published with the bill.
To reduce the marginal rates for the personal income tax, allow an eligible taxpayer to claim the entirety of an asset expense deduction under Section 179 of the Internal Revenue Code at once rather than incrementally and establish a task force to recommend a plan to offset the revenue loss resulting from the personal income tax reductions.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Its course
January 18 to January 18, 2023, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action1 action on 1 day
In the SenateJan 18 to Jan 18 · stopped0 days
Finance, Revenue and Bonding CommitteeJan 18 to Jan 18 · stopped0 days
Text
Each version as the General Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the General Assembly published it is below.
In the Senate Jan 18
- Jan 18Introduced and sent to Finance, Revenue and Bonding Committee
All 1 actions, as published
- Jan 18REF. TO JOINT COMM. ONBoth houses