Income tax rate.

Individual income tax rate schedule was updated with new rate brackets for years beginning after December 31, 2029, 2031, 2033, and 2035, replacing the previous fixed schedule.

Added conditional tax rate reductions that trigger when state general fund revenue collections exceed forecasted amounts by at least 3%, allowing for incremental tax cuts of 0.05% per year.

New requirements for the budget agency to determine revenue thresholds and forecast collections to trigger automatic tax rate reductions.

Corporate income tax section was restructured with new subsections and rate adjustments for different time periods.

Added new tax rate reduction provisions for taxable years beginning after December 31, 2031 through 2035, which were not included in the original introduced bill.

Changed document status from 'Introduced Senate Bill' to 'Enrolled Senate Act', indicating the bill has completed the legislative process and is ready for the Governor's signature.

Removed introductory formatting and page numbers from the introduced version, replacing them with standard enrolled act formatting.