This bill addresses tax penalties within the Individual Income Tax Act.
This bill:
- removes marriage penalties from certain individual income tax credits and exemptions by setting income phaseout amounts for filers who have single, head of household, or married filing separately status to be half of the amount for filers who have joint filing status;
- increases the amount of the nonrefundable taxpayer tax credit only for married claimants;
- repeals the nonrefundable earned income tax credit; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 59-10-104.1, 59-10-1018, 59-10-1019, 59-10-1042, 59-10-1047