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2019 Session

Budget Amendments - SB1100 (Member Request)

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Chief Patron: Stuart
Definition of Resident Estate or Trust (language only)

Item 0 #3s

Item 0 #3s

Revenues
Revenues

Language

Page 1, strike lines 43 through 44 and insert:


        

"Official Revenue Estimates

$21,050,567,750

$21,688,517,000

$42,739,084,750"



Explanation

(This amendment accompanies Senate Bill 1205 which, for income tax purposes, changes the definition of "resident estate or trust" to no longer include an estate or trust which is being administered in the Commonwealth. This amendment assumes a general fund revenue reduction of $500,000 the second year.)