An Act relating to the elimination of income taxes on pass-through entities.

This bill proposes to remove the state income tax on pass-through entities, which are businesses where income is passed directly to owners rather than being taxed at the corporate level. The change would take effect on January 1, 2028, by repealing the specific section of the tax code that currently imposes this tax. Directly affected individuals and businesses would no longer pay state income tax on their earnings from these types of enterprises. The legislation does not alter how other forms of income are taxed or change the tax rates for corporations.