2003 Session

Budget Amendments - SB700 (Member Request)

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Chief Patron: Hanger
Co-Patron(s): Colgan, Miller K.
Sales tax acceleration (language only)

Item 4-12.00 #2s

Item 4-12.00 #2s

Effective Date
Effective Date

Page 611, strike lines 45 and 46.
Page 612, strike lines 1 through 44.
Page 612, line 46, following the word "third", strike "through tenth enactments", and insert the word "enactment"

(This amendment eliminates the requirement that a portion of June sales tax receipts be remitted early, resulting in a downward revision of the FY 2003 general fund revenue estimate of $149.4 million, including $128 million related to the 3 cent state sales tax and $21.4 million related to the TTF portion of sales tax. Item 0 #1s is a companion amendment which reflects the negative revenue adjustment.)