2015 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Stuart
Median income taxpayers tax credit (language only)

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(This amendment reduces general fund revenues in the second year by $50.0 million as a preliminary estimate of the revenue impact of SB 1147 which creates a $250 nonrefundable tax credit for taxpayers with one or more dependents under the age of 18 and whose family adjusted gross income is within 25 percent, above or below, the statewide median household income. The actual revenue estimate will depend on the official TAX Department impact statement that has yet to be issued.)