Beginning January 1, 2017, the General Assembly reduced the Hall income tax rate by 1% each tax year through the year beginning January 1, 2020. The Hall income tax is fully repealed for tax years beginning January 1, 2021.
Effective Dates for Tax Rates:
- 4% for tax years beginning January 1, 2017, and prior to January 1, 2018
- 3% for tax years beginning January 1, 2018, and prior to January 1, 2019
- 2% for tax years beginning January 1, 2019, and prior to January 1, 2020
- 1% for tax years beginning January 1, 2020, and prior to January 1, 2021
- Full repeal for tax years beginning January 1, 2021
The tax rate for the tax year beginning January 1, 2016, through December 31, 2016, is 5%.
For more information, please see important notice 17-09.
Comments