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SB702Introduced in the Senate

Income tax, state; brackets, deductions, and exemptions, inflation indexing.

Introduced

Introduced by Kannan Srinivasan, District 32

What does this bill do?

Plain-English breakdown

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Official description

Individual income tax; brackets, deductions, and exemptions; inflation indexing. Adjusts annually the amount of the income tax brackets, standard deduction, personal and other individual exemptions and deductions, and filing threshold to the annual change in the Chained Consumer Price Index for All Urban Consumers (C-CPI-U). The bill directs the Department of Taxation to annually publish on its website the individual income tax inflation adjustments. This bill contains technical amendments.

Where it stands

Continued to next session in Finance and Appropriations (10-Y 5-N)

February 5, 2026

How did lawmakers vote?

SenateStage: Continued to next session in Finance and Appropriations (10-Y 5-N) · February 5, 2026

10

Yes

5

No

0

Absent or Not Voting

15 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

See how each senator voted

Bill history

  1. Prefiled and ordered printed; Offered 01-14-2026 26104185D

  2. Referred to Committee on Finance and Appropriations

  3. Fiscal Impact statement From TAX (2/2/2026 6:40 pm)

  4. Continued to next session in Finance and Appropriations (10-Y 5-N)

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