Who sponsored HB 1066?

HB 1066 was sponsored by David Ray (R), Rep.

Lowers Taxes by Increasing Standard Deduction

IntroducedN/A

Failed1 year ago

Intro

House

Senate

Pres

Died in House Committee at Sine Die adjournment.

Why This Matters

This bill increases the standard deduction, which lowers the amount of income that is taxed for individuals and families.

If you file taxes, your standard deduction could increase, saving you money starting in the next tax year.

Who this affects

individual taxpayers · families · lower to middle incomes

What changes is this bill making?

1This bill raises the standard deduction for taxpayers, reducing their taxable income.
2The new standard deduction will help individuals and families save money on their taxes.
3More people will benefit from this change, especially those with lower to middle incomes.
4The increase in the standard deduction aims to simplify the tax filing process for many.

Read the detailed summary

To Increase The Standard Deduction.

Last changed 5 months ago · checked hourly