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2003 Session

Budget Amendments - SB700 (Member Request)

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Chief Patron: Quayle
Peanut Quota Buyout (language only)

Item 0 #4s

Item 0 #4s

Revenues
Revenues

Language
Page 2, line 11, strike "$10,780,807,733", "$11,337,857,887" and $22,118,665,620" and insert "$10,779,207,733", $11,335,757,887"  and "$22,114,965,620".
Page 2, line 19, strike "$12,154,880,726", "$12,152,757,084" and "24,307,637,810" and insert "$12,153,280,726", "12,150,657,084" and "$24,303,937,810".
Page 2, line 33, strike "$27,967,665,430", "$26,367,496,967" and "54,335,162,397" and insert "$27,966,065,430", "$26,365,396,967" and "54,331,462,397".


Explanation
(This amendment reduces the FY 2003 and FY 2004 revenue estimates by $1.6 million and $2.1 million respectively for the proposed income tax subtraction that is contained in HB 2400. The subtraction would be for income received as a result of the payments made under the federal Peanut Quota Buyout Program of the Farm Security and Rural Investment Act of 2002.)