H7313Introduced in the House
Creates an additional tax rate of 3% on taxable income over $640,000 in 2026 dollars. Applies to tax years 2027 and thereafter and not retroactively.
Introduced by Karen Alzate, District 60
What does this bill do?
Plain-English breakdown
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Official description
TAXATION -- PERSONAL INCOME TAX - Creates an additional tax rate of 3% on taxable income over $640,000 in 2026 dollars. Applies to tax years 2027 and thereafter and not retroactively.
Where it stands
Committee recommended measure be held for further study
May 7, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Introduced, referred to House Finance
Scheduled for hearing and/or consideration (05/07/2026)
Committee recommended measure be held for further study
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