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2017 Session

Budget Amendments - SB900 (Member Request)

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Chief Patron: Sturtevant
Reduction of Corporate Income Tax Rate (language only)

Item 0 #11s

Item 0 #11s

Revenues
Revenues

Language

Page 1, strike lines 44 through 45, and insert:                                            

                

"Official Revenue Estimates    

$18,902,391,274

$19,633,121,954

$38,535,513,228

$18,557,385,985

$19,090,521,677

$37,647,907,662"

Page 2, strike lines 1 through 2, and insert:                                                          

                

"Appropriation                          

$20,426,382,313

$20,229,404,911

$40,655,787,224

$20,183,840,254

$20,100,395,210

$40,284,235,464"



Explanation

(This amendment accompanies Senate Bill 789 which proposes reducing the corporate income tax rate from 6.0 percent to 5.5 percent. The bill would reduce GF revenues by an estimated $68 million in FY 2018. The actual revenue impact is to be determined.)