Relating to state and local revenue and finances by modifying sales and use taxes, individual and corporate income taxes, the franchise tax, the insurance premiums tax, the equipment tax, the automobile rental excise tax, the water service tax, and local option taxes, crediting moneys to the natural resources and outdoor recreation trust fund, and including effective date and applicability provisions

Where it is now

1. ✓
   Done: IntroducedFebruary 7, 2022
2. –
   Skipped: SubcommitteeSkipped
3. ✓
   Done: Senate committeeFebruary 7, 2022
4. ✓
   Done: Passes the SenateFebruary 24, 202232–16
5. –
   Skipped: House committeeSkipped
6. ✓
   Done: Passes the HouseFebruary 16, 202261–37
7. ✓
   Done: To the GovernorMarch 1, 2022
8. ✓
   Done: Signed into lawMarch 1, 2022

HF 2317 became law → The same legislation passed as HF 2317, so this version was set aside. Go to HF 2317 What’s a funnel?

Fiscal note

The Bill is projected to reduce individual and corporate income tax liability and State General Fund revenue by the amounts in Figure 2. 8$ * The tax reduction and retirement income components were estimated separately and in combination. This table presents the fiscal impacts separately, and the final line of the individual income tax portion of the table adjusts for the interaction of the two tax reductions.

• Final Fiscal Note — Income Tax Rate Reduction and Exemptions · June 23, 2022
• Income Tax Rate Reduction and Exemptions · February 24, 2022
• Income, Sales, and Tax Credit Modifications · February 16, 2022
• Income Tax Rate Reduction and Exemptions · February 10, 2022

Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.