SPONSOR: Sparks
This bill provides an income tax deduction on the first $100,000 of income received by any taxpayer for his or her services as a member of the patrol, or as a peace officer.
Beginning January 1, 2025, the deduction will be 25% of such income. The deduction will be increased each year by 25% increments, and for all tax years beginning on or after January 1, 2028, the deduction will be 100% of such income.
This bill is the same as HB 541)and SB 31 (2023) and similar to HB 541 and SB 31 (2023).
Statutes affected: