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2019 Session

Budget Amendments - SB1100 (Member Request)

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Chief Patron: McDougle
Tax Credit for Individuals and Married Couples; 2018 through 2025 (language only)

Item 0 #1s

Item 0 #1s

Revenues
Revenues

Language

Page 1, strike lines 43 through 44 and insert:

        

"Official Revenue Estimates

$21,050,567,750

$20,489,017,000

$41,539,584,750"





Explanation

(This amendment accompanies Senate Bill 1657 which creates a nonrefundable tax credit of $250 for individuals and $500 for married persons filing a joint return. Credit is available for taxable years 2018 through 2025. This amendment assumes a general fund revenue reduction of $1.2 billion in the second year. The actual revenue impact is to be determined.)