AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 3 Sponsors 10

Creates an additional tax rate of 3% on taxable income over $625,000 in 2025 dollars. Applies to tax years 2026 and thereafter and not retroactively.

Chamber: Senate
Introduced: Feb 21, 2025
Last action: May 29, 2025 — 05/29/2025 Committee recommended measure be held for further study
Sponsor: Ryan Pearson D
Session: 2025
Momentum: 5 · Stalled