HB24-1243
Income Tax Owed by Minors on Earned Income
| Type | Bill |
|---|---|
| Session | 2024 Regular Session |
| Subjects |
Concerning the elimination of state income tax liability on the earned income of a minor.
Bill Summary:
Currently, an individual aged 17 years or younger (minor) is liable to the state for income tax on earned income. The bill allows a subtraction from federal taxable income of an amount equal to the earned income of a minor. An employer is not required to deduct income tax from the wages of a minor.
(Note: This summary applies to this bill as introduced.)
Committees
Related Documents & Information
| Activity | Vote | Documents |
|---|
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 (Attachment B). | The motion passed without objection. | Vote summary |
| Refer House Bill 24-1243, as amended, to the Committee on Appropriations. | The motion passed on a vote of 6-5. | Vote summary |
| Activity | Vote | Documents |
|---|
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 04/01/2024 | L.001 | HOU Finance | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 05/14/2024 | House | House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed |
| 04/01/2024 | House | House Committee on Finance Refer Amended to Appropriations |
| 03/18/2024 | House | House Committee on Finance Witness Testimony and/or Committee Discussion Only |
| 02/12/2024 | House | Introduced In House - Assigned to Finance |