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HB24-1243

Income Tax Owed by Minors on Earned Income

Concerning the elimination of state income tax liability on the earned income of a minor.
Session:
2024 Regular Session
Subject:
Fiscal Policy & Taxes
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.)

Status

Introduced
Lost

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. M. Soper, Rep. S. Woodrow

Sponsor

Co-sponsor