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Committee advances House Bill 860 to exclude overtime from state income tax after 6-3 vote
Summary
The Special Committee on Tax Reform recommended a do-pass on House Bill 860 by a 6-3 vote. Supporters called the measure a targeted tax cut; opponents said it would complicate tax fairness and carry a significant fiscal cost, per a fiscal note referenced in committee.
The Special Committee on Tax Reform voted 6-3 to recommend a do-pass on House Bill 860, which would exclude overtime pay from the state income tax, members said.
Opponents said the change would carve out a portion of income and questioned the fiscal impact. Representative Strickler announced he would vote no, saying, "I just think the market forces work fine for encouraging…
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