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2019 Session

Budget Amendments - SB1100 (Member Request)

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Chief Patron: Chase
Multiple Income Tax Changes (language only)

Item 0 #8s

Item 0 #8s

Revenues
Revenues

Language

Page 1, strike lines 43 through 44 and insert:


                

"Official Revenue Estimates

$21,050,567,750

$20,689,017,000

$41,739,584,750"




Explanation

(This amendment accompanies Senate Bill 1225, which makes multiple income tax changes, including doubling the standard deduction and reducing the corporate income tax rate to 5.5 percent. As a placeholder, this amendment assumes a general fund revenue reduction of $1.0 billion the second year. The actual revenue impact is to be determined.)