2018 Session

Budget Amendments - HB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Ayala
Offset Costs of HB 624 - Tax Credit for Teacher Expenses

Item 266 #1h

Item 266 #1h

First Year - FY2019 Second Year - FY2020
Department of Accounts Transfer Payments FY2019 ($24,400,000) FY2020 ($24,400,000) GF

Page 217, line 33, strike "$50,000,000" and insert "$25,600,000".
Page 217, line 33, strike "$220,700,000" and insert "$196,300,000".

Page 217, line 37, strike "$50,000,000" and insert "$25,600,000".

Page 217, line 38, strike "$220,700,000" and insert "$196,300,000".


(This amendment reduces the amounts proposed to be deposited into the Revenue Cash Reserve Fund in House Bill 30 as introduced to offset the costs associated with House Bill 624, 2018 Session of the General Assembly. This legislation establishes a tax credit, for taxable years 2019 through 2023, of up to $250 for qualifying individuals, defined in the bill as any individual who is a teacher, instructor, counselor, principal, or aide for at least 900 hours during the school year, who paid for classroom materials used in teaching students in kindergarten or an elementary or secondary school, provided that such expenses have not been reimbursed and have not been claimed as a deduction on the qualifying individual's federal tax return.)