HB1550: Personal exemptions.
Legislative Summary
Personal exemptions. Increases the personal exemption to $1,500 in the definition of "adjusted gross income" for a taxpayer, or, in the case of a joint return, for each spouse. Increases the exemption for dependents to $1,500. Increases the exemption to $1,500 for the spouse of the taxpayer if a separate return is made by the taxpayer and the spouse and if the spouse had no gross income for the calendar year.
Demographic Impact
Overall analysis of equity impact
Unlock Full Demographic Insights
Go beyond the overall score.
Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.
Enable full analysis features for your organization.
Contact Sales to Learn MoreOr email us directly at sales@legiequity.us.
