to adopt the amendment to HB 5838.
Representative Yancey moved to adopt the amendment to HB 5838. The motion did not prevail 6-9-0: UNFAVORABLE ROLL CALL Yeas: Reps. Yancey, Ellison, Brixie, Kuppa, Neeley, Cavanagh. Nays: Reps. Hall, Tisdel, Calley, Farrington, Steven Johnson, Meerman, O'Malley, Beeler, Outman. Pass: None. Representative Ellison offered the following amendments to HB 5838: 1. Amend page 23, line 5, after "31," by striking out "2021," and inserting "2022,". 2. Amend page 23, line 6, by striking out the balance of the page through "51d." on line 18 of page 24 and inserting: "(c) Beginning on and after January 1, 2023, except as otherwise provided under subsection (5), as follows: (i) For a single return, as follows: (A) On the first $20,000.00, 3.0%. (B) On all taxable income over $20,000.00 but less than or equal to $40,000.00, 4.0%. (C) On all taxable income over $40,000.00 but less than or equal to $80,000.00, 5.0%. (D) On all taxable income over $80,000.00 but less than or equal to $125,000.00, 6.0%. (E) On all taxable income over $125,000.00 but less than or equal to $200,000.00, 7.0%. (F) On all taxable income over $200,000.00 but less than or equal to $500,000.00, 8.0%. (G) On all taxable income over $500,000.00 but less than or equal to $1,000,000.00, 9.0%. (H) On all taxable income over $1,000,000.00, 10.0%. (ii) For a joint return, as follows: (A) On the first $40,000.00, 3.0%. (B) On all taxable income over $40,000.00 but less than or equal to $80,000.00, 4.0%. (C) On all taxable income over $80,000.00 but less than or equal to $160,000.00, 5.0%. (D) On all taxable income over $160,000.00 but less than or equal to $200,000.00, 6.0%. (E) On all taxable income over $200,000.00 but less than or equal to $250,000.00, 7.0%. (F) On all taxable income over $250,000.00 but less than or equal to $500,000.00, 8.0%. (G) On all taxable income over $500,000.00 but less than or equal to $1,000,000.00, 9.0%. (H) On all taxable income over $1,000,000.00, 10.0%.". 3. Amend page 25, line 23, after "(5)" by inserting "For the 2024 tax year and each tax year after the 2024 tax year, the taxable income amounts under subsection (1)(c) shall be adjusted by the department of treasury for inflation by multiplying each amount for the tax year beginning in 2023 by a fraction, the numerator of which is the Midwest employment cost index for the east north central division for the state fiscal year ending in the tax year prior to the tax year for which the adjustment is being made and the denominator of which is the Midwest employment cost index for the east north central division for the 2021-2022 state fiscal year. The resultant product shall be rounded to the nearest $100.00 increment.". 4. Amend page 26, line 26, by striking out the balance of the page through "years." on line 2 of page 27 and inserting: "(a) "Midwest employment cost index for the east north central division" means the Midwest employment cost index for the east north central division for private workers as defined and reported by the United States Department of Labor, Bureau of Labor Statistics." and relettering the remaining subdivisions accordingly.