SB404 — Individual Tax Rates; reduction of the state income tax over time; revise provisions

SB404 — Individual Tax Rates; reduction of the state income tax over time; revise provisions · Informed CitizenrySB404 amends Code Section 48-7-20 to revise the state income tax rate for individuals. The bill sets the tax rate at 5.49 percent for taxable years beginning on or after January 1, 2024. It provide…Open in Informed Citizenry