Introduced
by
To “decouple” the state income tax from the federal accelerated depreciation schedule adopted in 2003, meaning that taxpayers would have to calculate depreciation deductions on the basis of the previous federal schedule.
Referred to the Committee on Tax Policy
Substitute offered
by
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 58 to 49 (details)
To “decouple” the state income tax from the federal accelerated depreciation schedule adopted in 2003, meaning that taxpayers would have to calculate depreciation deductions on the basis of the previous federal schedule. This would reportedly add $185 million to the amount of taxes paid by income tax filers.
Referred to the Committee of the Whole
Referred to the Committee on Government Operations and Reform
