2020 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Dunnavant
Income Tax Subtraction for G3 Students (language only)

Item 0 #5s

Item 0 #5s



Page 1, strike line 25 and insert:        

"Official Revenue Estimates





(This amendment reflects the necessary revenue reduction associated with the creation of an individual income tax subtraction for assistance received under the Governor's proposed Get Skilled, Get a Job, Give Back ("G3") initiative. Legislation to be introduced in the 2020 Session of General Assembly would establish the income tax subtraction. As a placeholder, this amendment assumes a general fund revenue reduction of $500,000 each year. The actual revenue impact has yet to be determined.)