Act 223, SB555 SD1 HD1 CD1, 07/09/2015

Posted on Jul 10, 2015 in 2015 Acts

RELATING TO TAX CREDITS.

Increases the refundable food/excise tax credit. Repeals credit for individual taxpayers with adjusted gross incomes of $30,000 or above and for heads of households, married couples filing jointly, and married couples filing separately, with adjusted gross incomes of $50,000 or above. Repeals residency requirement. Applies to taxable years beginning after 12/31/2015. Repeal and reenactment on 12/31/2017. (SB555 CD1)