Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
State Rep. Kay Christofferson says business, Social Security income tax cuts passed as session nears end
Summary
State Rep. Kay Christofferson said two income-tax measures — a business income tax rate cut and a Social Security income exemption increase — have passed the legislature and together are expected to reduce revenue by about $140 million per year. She also said lawmakers reviewed fiscal-note bills ahead of the session’s scheduled end.
State Rep. Kay Christofferson, who represents District 53, said in a recorded update that two income-tax measures have cleared the legislature as the session nears its scheduled end in two days.
Christofferson said the measures together amount to roughly $140,000,000 in annual tax cuts and described details of each provision. "We lowered the rate from 4.55 to 4.5 which is about a $97,000,000 tax cut per year. And that was the bill I ran and it did pass both houses and could be sent to the Governor," she said.
On retirement income,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
