Text: SF02066                           Text: SF02068
Text: SF02000 - SF02099                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

Senate File 2067

Partial Bill History

• Bill Introduced: S.J. 127
• Complete Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 422.5, subsection 1, paragraphs a
  1  2 through i, Code Supplement 1997, are amended to read as
  1  3 follows:
  1  4    a.  On all taxable income from zero through one thousand
  1  5 dollars, thirty-six thirty-two hundredths of one percent.
  1  6    b.  On all taxable income exceeding one thousand dollars
  1  7 but not exceeding two thousand dollars, seventy-two sixty-five
  1  8 hundredths of one percent.
  1  9    c.  On all taxable income exceeding two thousand dollars
  1 10 but not exceeding four thousand dollars, two and forty-three
  1 11 nineteen hundredths percent.
  1 12    d.  On all taxable income exceeding four thousand dollars
  1 13 but not exceeding nine thousand dollars, four and one-half
  1 14 five hundredths percent.
  1 15    e.  On all taxable income exceeding nine thousand dollars
  1 16 but not exceeding fifteen thousand dollars, six five and
  1 17 twelve fifty-one hundredths percent.
  1 18    f.  On all taxable income exceeding fifteen thousand
  1 19 dollars but not exceeding twenty thousand dollars, six five
  1 20 and forty-eight eighty-three hundredths percent.
  1 21    g.  On all taxable income exceeding twenty thousand dollars
  1 22 but not exceeding thirty thousand dollars, six and eight-
  1 23 tenths twelve hundredths percent.
  1 24    h.  On all taxable income exceeding thirty thousand dollars
  1 25 but not exceeding forty-five thousand dollars, seven and
  1 26 ninety-two thirteen hundredths percent.
  1 27    i.  On all taxable income exceeding forty-five thousand
  1 28 dollars, eight and ninety-eight eight hundredths percent.
  1 29    Sec. 2.  This Act takes effect January 1, 1999, and applies
  1 30 to tax years beginning on or after that date.  
  1 31                           EXPLANATION 
  1 32    The bill reduces the state individual income tax rates by
  1 33 10 percent.  The lowest and highest rates under present law
  1 34 are .36 percent and 8.98 percent, respectively.  Under the
  1 35 bill, these figures would be .32 percent and 8.08 percent.
  2  1    The bill takes effect January 1, 1999, for tax years
  2  2 beginning on or after that date.  
  2  3 LSB 3788SS 77
  2  4 mg/jl/8
     

Text: SF02066                           Text: SF02068
Text: SF02000 - SF02099                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

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