Menu
1999 Session

Budget Amendments - HB1450 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Sherwood
Tax Credit-Instructional Materials (language only)

Item 0 #4h

Item 0 #4h

Revenues
Revenues

Language
Page 1, line 44, strike "$9,963,104,659" and "$19,450,848,748" and insert "$9,959,104,659" and "$19,446,848,748"


Explanation
(This amendment reflects the revenue impact of providing a maximum $100 credit against the individual income tax of public and private school teachers who purchase instructional materials and supplies for use in their classroom. The credit would be effective for tax years beginning on or after January 1, 1999, and it is assumed that half of the teachers will claim this tax credit.)