H259 - 2023 Appropriations Act. (SL 2023-134)

Overview: Section 42.1 of S.L. 2023-134 accelerates the currently scheduled personal income tax rate reductions for 2024, 2025, and 2026 with successive rate reductions of .5% if General Fund revenues hit certain triggers in certain fiscal years with a floor of 2.49%.

This section became effective October 3, 2023.