For income tax years commencing on and after January 1, 2020, the bill:
Reduces both the individual and the corporate state income tax rate from 4.63% to 4.49%; and
Reduces the state alternative minimum tax by 0.14%.(Note: This summary applies to this bill as introduced.)

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Statutes affected:
Introduced (01/08/2020): 39-22-104, 39-22-105, 39-22-301, 39-22-604, 39-22-627