KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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HB2116 • 2025

Provides that the threshold of the highest personal income tax bracket and the corporate excise tax bracket threshold are adjusted for inflation.

Provides that the threshold of the highest personal income tax bracket and the corporate excise tax bracket threshold are adjusted for inflation.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Representative Reschke
Last action
2025-06-27
Official status
In House Committee
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-06-27 House

    In committee upon adjournment.

  2. 2025-01-17 House

    Referred to Revenue.

  3. 2025-01-13 House

    First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act makes all brackets for personal income tax and corporate excise tax adjust for changes in CPI. (Flesch Readability Score: 61.6).
Provides that the threshold of the highest personal income tax bracket and the corporate excise tax bracket threshold are adjusted for inflation.
Applies to tax years beginning on or after January 1, 2026.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to tax rates; prescribing an effective date.
Current location: In House Committee