Modifies provisions governing income exempt from earnings tax

Summary

The measure adds a long list of nonprofit, mutual and charitable organizations—such as labor groups, credit unions, religious charities, farmer cooperatives, and certain trusts—to the categories whose income is not subject to the state earnings tax. It also exempts specific types of income, like life‑insurance proceeds, workers’ compensation, and interest on government bonds, and creates an exemption for individuals whose income is at or below 150 % of the federal poverty level. The bill did not pass.

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