Bills

HB 2032: TAXATION; EXEMPTIONS; GROCERIES; NONPRESCRIPTION DRUGS; INCOME TAX; INCOME TAX BRACKETS; STANDARD DEDUCTION; UNEMPLOYMENT INSURANCE; LOW-INCOME HOUSEHOLD RENTERS' INCOME TAX CREDIT

  • Session Year: 2025-2026
  • House: House

Current Status:

In Progress

(2026-01-28: Referred to ECD, FIN, referral sheet 3)

Introduced

First Committee Review

First Chamber

Second Committee Review

Second Chamber

Final Decking

Enacted

Version:

PART II:  Exempts the sale of groceries and nonprescription drugs from the general excise tax.  PART III:  Removes the state income tax on unemployment compensation benefits.  PART IV:  Doubles the standard deduction for individuals earning less than $100,000 and joint filers earning less than $200,000.  Repeals the incremental increases on standard income tax deduction amounts.  PART V:  Increases the maximum adjusted gross income allowed to qualify for the low-income household renters' income tax credit and increases the credit amount.  PART VI:  Repeals the incremental changes to income tax brackets and removes the tax liability for the first $100,000 of individual income earned.

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