SB143
Income tax, state; subtractions for income attributable to overtime.
Status:
In Senate
Latest Action:
Jan. 20, 2026
Senate: Continued to next session in Finance and Appropriations (9-Y 5-N)
Chief Patron:
Ryan McDougle (R)
Session:
2026 Regular Session
Summary
As Introduced. Individual income tax subtractions; overtime.
Establishes an individual income tax subtraction for income attributable to overtime in an amount equal to (i) 25 percent of the federal overtime deduction for taxable year 2026 and (ii) 50 percent of the federal overtime deduction for taxable year 2027 and thereafter.-
Bill History
- 01/07/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26104555D
- 01/07/2026 - Senate: Referred to Committee on Finance and Appropriations
- 01/17/2026 - Senate: Fiscal Impact statement From TAX (1/17/2026 9:40 am)
- 01/20/2026 - Senate: Continued to next session in Finance and Appropriations (9-Y 5-N)
