|Posted:||January 7, 2021 09:54 AM|
|From:||Senator Vincent J. Hughes|
|To:||All Senate members|
|Subject:||Increasing the Personal Income Tax (PIT) Poverty Exemption|
|In the near future, I will be reintroducing Senate Bill 220 from last session which increases the poverty exemption for the Personal Income Tax (PIT) by $1,000 per dependent.
Under the proposal, the current exemption of $9,500 would be increased to $10,500 for an individual and to $34,000 (up from $32,000) for a married couple with two dependent children.
Previous cosponsors of this legislation include: Brewster, Browne, Costa, Fontana, Haywood, Sabatina, Scavello, Schwank, Tartaglione, A. Williams and L. Williams.
Please join me in cosponsoring this legislation.
If you have any questions please contact my Chief Counsel, Michael Deery, at Michael.Deery@pasenate.com or my Revenue Analyst, Matt Lindsay, at Matthew.Lindsay@pasenate.com.