Bill > HB1411

This bill eliminates the state individual income tax by reducing the rate to 0% for taxable years beginning after December 31, 2024. It also provides that in calculating the local income tax (LIT), which is imposed based on a local taxpayer's state adjusted gross income, the calculation of a taxpayer's state adjusted gross income for LIT purposes shall be calculated under the adjusted gross income tax provisions as if those provisions, and the most recent adjusted gross income tax rate before its elimination, were still in effect.