Decreases individual income tax rates and discontinues various tax credits and benefits.
This bill decreases individual income tax rates and eliminates several tax credits and benefits. It reduces income tax rates for individuals and corporations, discontinues tax credits for high performance incentives and affordable housing, and ends payroll withholding tax benefits for promoting employment. It also repeals certain tax credits and benefits related to abandoned well plugging, agritourism liability insurance, assistive technology contributions, declared disaster capital investment, environmental compliance, and swine facility.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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