Provides that the threshold of the highest personal income tax bracket and the corporate excise tax bracket threshold are adjusted for inflation.

Summary

Digest: The Act makes all brackets for personal income tax and corporate excise tax adjust for changes in CPI. (Flesch Readability Score: 61.6). Provides that the threshold of the highest personal income tax bracket and the corporate excise tax bracket threshold are adjusted for inflation. Applies to tax years beginning on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.