2017 Session

Budget Amendments - SB900 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Sturtevant
Create an Income Tax Category for Small Businesses and Lower the Rate from the Current Individual Income Tax Rate (language only)

Item 0 #12s

Item 0 #12s



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


"Official Revenue Estimates    







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










(This amendment accompanies proposed legislation that would create an income tax category for small businesses with under 25 employees. The rate would be 0.25 percent lower than the current applicable individual income tax rate in the first taxable year the law is in effect, and 0.5 percent lower the following year. As a placeholder, this amendment assumes a reduction in GF revenues of $50,000 in FY 2018. The actual revenue impact is to be determined.)