2009 Session

Budget Amendments - SB850 (Member Request)

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Chief Patron: Petersen
Fiscal Impact of SB 1133 (language only)

Item 0 #8s

Item 0 #8s


Page 2, following line 11, insert"
"The amount of $15,622,022,377 shown above on line 5 as the Official Revenue Estimate for the second year of the biennium shall be reduced by the estimated revenue impact of SB 1133 of the 2009 Session, contingent on passage of said legislation.  All other relevant totals shall be corrected in the enrolling process."

(This amendment directs that the revenue impact of SB 1133 be reflected in the general fund revenue estimate (impact statement has not been issued), should that legislation be enacted. SB 1133 re-institutes the estate tax for deaths occurring on or after July 1, 2009, for gross estates over $5.0 million, unless the majority of the assets of the total estate are an interest in a closely-held business or working farm. Estate tax revenues would be dedicated to services for the elderly to include community-based programs of area agencies on aging, increased Medicaid reimbursement rates for hospitals or nursing homes that serve indigent seniors, and funding the cost of existing or additional Medicaid waivers for certain health care services and delivery systems for senior citizens.)