RELATING TO INCOME TAX.

HB 283 would eliminate the state individual income tax for all residents, directly affecting every person who files a state income tax return. The bill's key provision removes the requirement for individuals to pay tax on their earnings, effectively replacing the current tax structure with a different revenue source (though specifics aren't detailed in the abstract). As a newly introduced bill (first reading passed January 17, 2025), it remains pending further committee review and has not yet become law.