Indexing family tax exemptions.

Authors: Representative Timothy Brown

Co-authors: Representative P Eric Turner

Sponsors: Senator Luke Kenley

Digest

Requires that the income tax exemption for individuals, dependents, individuals who are blind, and the elderly (including a dependent child and the elderly with an adjusted gross income less than $40,000) must be adjusted according to the Consumer Price Index. Increases the dependent child exemption from $1,500 to $2,000. Requires the department of state revenue to publish certain information concerning adjustments to personal exemptions on the transparency Internet web site.