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SB 261 (2023)

Set I&D tax at 4%, increase threshold for tax

Summary:

Stops the phase-out of the Interest & Dividends tax at 4%. This bill then raises the minimum of gross income from interest and dividends that can be taxed, from $2,400 to $50,000.

Bill Sponsor:
Donna M. Soucy
Democratic party logo
Bill Became Law?:
No
Status:
SENATE
Status Detail:
Killed in the Senate
Public Hearing Date:
02/01/2023 10:15 am
Public Hearing Location:
SH Room 100
Senate Voting Date:
02/22/2023
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