SB291Introduced in the Senate
Income Tax - Credit for Income Taxes and Penalties Due to Financial Exploitation
IntroducedSenate Budget and Taxation
Introduced by Jack Bailey, District 29
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Allowing a credit against the State income tax for certain income taxes and penalties attributable to an early withdrawal of retirement funds due to financial exploitation; and applying the Act to all taxable years beginning after December 31, 2025.
Where it stands
Hearing 2/03 at 2:00 p.m.
January 22, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
First Reading Budget and Taxation
Hearing 2/03 at 2:00 p.m.
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