House Budget Includes 2% Income Tax Cut

The House Finance Committee this week unveiled its $74.7 billion biennial budget (House Bill 110). Included in the FY 2022-23 budget is a 2% across-the-board income tax cut. Other budget highlights include the following:

The full House is expected to vote on the budget next week, so it can be sent to the Senate. Under state law, the General Assembly must pass a balanced budget by June 30. 4/14/2021