AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX
HB 5473 proposes a change to the state's personal income tax structure. It introduces an additional 3% tax rate on taxable income that exceeds $625,000, as indexed to 2025 dollars. This new tax provision would apply to tax years beginning in 2026 and thereafter, and it would not be applied retroactively to previous tax years.
Bill status
died
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 12, 2025
Last action May 6, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
May 6, 2025
Committee
05/06/2025 Committee recommended measure be held for further study
legislature
Feb 12, 2025
Introduced
02/12/2025 Introduced, referred to House Finance
lower
10 primary · 0 co-sponsors
Sponsors
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