Bills › 91st General Assembly
Modifying individual income tax rates and providing tax credits for certain married persons filing a joint return, and including effective date and retroactive applicability provisions
Sponsored by Rep. Skyler Wheeler (R)
Where it is now
- Done: IntroducedFebruary 24, 2025
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committeeFunnel: by February 20, 2026
- Next: Passes the House
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Married couples filing taxes together could pay lower income tax rates if they have several children or are newly married. The law also creates a new tax credit worth $1,000 for each child beyond a certain number. If this credit results in more money than the couple owes, they can receive the extra amount as a refund or apply it to their taxes for the next five years.1
Read the official explanation
This bill modifies individual income tax rates and provides tax credits for certain married persons filing a joint return.8 percent to percent, if such married persons have or more dependents under the age of 18.8 percent to percent, if such married persons are filing jointly for the first or second time in their lifetimes. The bill also creates an additional dependent credit for married persons filing a joint return equal to the product of the number of dependents exceeding but not more than that are under the age of multiplied by $1,000. Any credit in excess of the tax liability is refundable. In lieu of claiming a refund, the taxpayer may elect to have the overpayment shown on the taxpayer’s final, completed return credited to the tax liability for the following five years until depleted, whichever is earlier. The bill takes effect upon enactment and applies retroactively to tax years beginning on or after January 1, 2025.