For tax years starting in 2026, the amendment lists higher sales tax fairness credits and higher income limits before those credits begin to shrink.
For tax years starting in 2026, the amendment lists higher maximum credits for single filers, joint filers, and heads of households, with extra amounts based on qualifying children or dependents.
For tax years starting in 2026, the credit starts to shrink above $34,000 for single filers, $51,000 for heads of households, and $68,000 for married joint filers.
The amendment describes annual inflation adjustments to the credit amounts and income limits starting in 2026.
The amendment describes higher maximum sales tax fairness credit amounts for tax years starting in 2026. The amounts apply to single filers, joint filers, and people filing as heads of households. The credit amount depends on filing status and the number of qualifying children or dependents. The listed amounts apply to tax years beginning on or after January 1, 2026.
The amendment describes income limits at which the credit starts to shrink. The listed starting limits are $34,000 for single filers, $51,000 for heads of households, and $68,000 for married joint filers. The credit is reduced by set amounts for each part of income above the applicable limit. These limits apply to tax years beginning on or after January 1, 2026.
The amendment describes annual inflation adjustments to credit amounts and income limits. The adjustments apply to the credit amounts and income limits used for the credit. The credit amount uses the Chained Consumer Price Index and any increase is rounded down to the next $5 amount. The adjustments begin in 2026 and apply each year afterward.
No hearings or votes scheduled.