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2020 Session

Budget Amendments - HB29 (Floor Approved)

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Sunset Date for Tax Credits and Sales Tax Exemptions (language only)

Item 3-5.14 #1h

Item 3-5.14 #1h

Adjustments and Modifications to Tax Collections
Sunset Dates for Income Tax Credits and Sales and Use Tax Exemptions

Language

Page 249, line 31, strike "2022" and insert 2025".
Page 249, line 32, strike "2021" and insert 2020".
Page 249, line 32, after "June 30, 2022.", insert:

"Any new sales tax exemption or tax credit enacted by the General Assembly after the 2019 regular legislative session, but prior to the 2024 regular legislative session shall have a sunset date not later than June 30, 2025."
Page 249, line 38, strike "2022" and insert "2025".



Explanation

(This amendment adjusts language that has been in the budget since 2016 to reflect updated standard sunset dates for tax credits and sales and use tax exemptions.)