Dan Ruby voted Yea (Passage) on this Legislation.
Title: Income Tax Rebates and Rate Reduction
Vote to pass a bill that appropriates $100 for economic stimulus payments and restructures the income tax brackets and tax rates so as to provide for a reduction for singles, married couples filing jointly, surviving spouses, married individuals filing separately, heads of households, and estates and trusts for taxable years beginning after December 31, 2010.
- Appropriates $100 million from the Oil Tax Trust Fund to the Tax Commissioner for the allocation of economic stimulus payments, of which shall be mailed out by May 1, 2009 to each taxpayer who filed a 2007 income tax return and proportionate to the taxpayer's share of all individual income tax liability paid to the state for that taxable year (Sec. 1). - Restructures the income tax brackets and tax rates for singles, other than heads of households or surviving spouses, as follows (Sec. 2):
Title: Income Tax Rebates and Rate Reduction