SPONSOR: Christofanelli
This bill provides an income tax deduction on the income received by any taxpayer for his or her services as a peace officer or member of the State Highway Patrol.
Beginning January 1, 2021, the deduction will be worth 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, 2024, the deduction will be worth 100% of such income.
The provisions of this bill will sunset six years after the effective date of the bill.
This bill contains an emergency clause.
Statutes affected: