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Ways and Means pauses debate on House Bill 4216, income tax reform
Summary
Representative Newton described HB4216’s three main provisions — moving the state tax base off federal taxable income, creating a flat rate, and phasing rate cuts — and the committee voted to adjourn debate pending further fiscal analysis.
The Ways and Means Committee paused debate Tuesday on House Bill 4216, an income tax reform measure that would untether the state income tax from the federal system, create a flat tax rate and phase cuts over time, after the bill sponsor said the panel needs more fiscal analysis before advancing the proposal.
Representative Newton, sponsor of H.4216, told the committee the bill has three central features: it would switch the state tax base from federal taxable income to adjusted gross income; it would collapse multiple…
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