Establishes a personal income tax deduction for the interest paid on student loans by individual taxpayers having a federal adjusted income of between $65,000 and $125,000, and married taxpayers filing jointly having a federal adjusted income of between $130,000 and $250,000.
Establishing the Covid-19 pandemic emergency tax payer relief exemption and refund for income taxes on 2020 unemployment benefits up to $10,100 in unemployment compensation
An Act Concerning A Personal Income Tax Deduction For Unemployment Compensation Benefits Received Due To The Covid-19 Pandemic.
Amends the college tuition credit; eliminates the credit for taxpayers whose adjusted gross income is over $15,000,000; sets a sliding scale.
Allocates $2.5 billion to unemployment compensation fund from federal government assistance and halts increases in employer unemployment taxes related to benefits paid during coronavirus disease 2019 pandemic state of emergency.
Allocates $2.5 billion to unemployment compensation fund from federal government assistance and halts increases in employer unemployment taxes related to benefits paid during coronavirus disease 2019 pandemic state of emergency.
Allocates $2.5 billion to unemployment compensation fund from federal government assistance and halts increases in employer unemployment taxes related to benefits paid during coronavirus disease 2019 pandemic state of emergency.
Eliminates the refundability of the tax credit for ad valorem taxes paid on inventory by certain taxpayers (Item #26)
Income tax, state; refundable tax credit for low-income taxpayers.
Income tax, state; refundable tax credit for low-income taxpayers.