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Posted: Monday, 01 October 2012 12:10PM

State Income Tax Rate Falls Slightly



Your income tax rate has fallen ever so slightly today. The rate fell from 4.35% to 4.25% and state House Speaker Jase Bolger says it's a big change from the state needing to make huge spending cuts.

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The personal exemption has also increased from $3,700 to $3,950. The state is starting its 2013 fiscal year today, and doing so with a balanced budget.


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