All federally taxed Social Security income tax subtraction authorization; first tier income tax rate reduction; homestead credit state refunds increase
Individual income and corporate franchise tax provisions modified, and federal tax provisions conformity provided.
Certain conformity provision to federal tax provisions
Individual income and corporate franchise taxes, sales and use taxes, property taxes and local government aids, and other miscellaneous taxes and tax-related provisions policy and technical changes made.
Various tax provisions modification
Tax provisions modifications
Property taxes and individual income taxes modified, homestead property tax provisions modified, state general levy reduced, unlimited Social Security subtraction allowed, income tax rates decreased, temporary refundable child credit established, direct payments to individuals provided, and money appropriated.
Property taxes and individual income taxes modified, first-tier valuation limit for agricultural homestead properties modified, tier limits for homestead resort properties increased, homestead market value exclusion modified, state general levy reduced, unlimited Social Security subtraction allowed, temporary refundable child credit established, and money appropriated.