AI Analysis – Experimental
The bill amends the Income Tax Act of 1967 to adjust taxable income definitions, introduce deductions for tipped employees, and modify retirement benefit deductions, with phased timelines and specific conditions for various exemptions and deductions.
Introduced in the House
Jan. 30, 2025
Introduced
by
Rep. Joseph Aragona (R-60)
and 15 co-sponsors
Co-sponsored by Reps.
Ron Robinson (R-58), Ken Borton (R-105), Jay DeBoyer (R-63), Angela Rigas (R-79), Doug Wozniak (R-59), Kathy Schmaltz (R-46), Jimmie Wilson (D-32), Gina Johnsen (R-78), Matt Bierlein (R-97), Jerry Neyer (R-92), Mike McFall (D-14), Tom Kunse (R-100), David Martin (R-68), Timothy Beson (R-96) and Jason Woolford (R-50)
Referred to the Committee on Finance
