Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Code Reform topic
No spam. Unsubscribe anytime.
Representative Kendricks’ tax reform bill that flattens brackets advances, 24‑6
Summary
House Bill 2740, a tax code simplification that removes lower tax brackets and raises the standard deduction to create a single rate structure, was presented by Representative Kendricks and reported out of committee 24 ayes to 6 nays after brief clarification questions.
Representative Kendricks presented House Bill 2740 as a tax code simplification measure intended to remove multiple lower tax brackets and create a single taxable rate for all filers above an increased standard deduction. The proposal would remove lower brackets so that taxpayers with income from modest to very high levels would be taxed at the same top rate after the higher standard deduction threshold is reached.
Kendricks told the committee the bill does not eliminate tax credits or change the types of income that are taxable; it raises the standard deduction (example figures discussed during the presentation included increasing a standard deduction cited around $12,070 to about $27,000) so fewer taxpayers would reach the top rate. Members asked clarifying questions about credits and whether the bill changes definitions of taxable income; the sponsor said credits and income definitions are unchanged.
After the presentation and a motion for a “do pass,” the committee adopted the subcommittee recommendation as a working draft and voted to report HB2740 with a due‑pass recommendation, 24 ayes and 6 nays.
Votes at a glance: HB2740 — Motion: do pass; Vote: 24 ayes, 6 nays; Outcome: advanced from committee.
