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2021 Session

Budget Amendments - SB1100 (Member Request)

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Chief Patron: McPike
SB 1252: Coal Tax Credit Sunset (language only)

Item 0 #1s

Item 0 #1s

Revenues
Revenues

Language

Page 1, line 38, strike "$22,729,384,514" and insert "$22,729,684,514".

Page 1, line 38, strike "$44,738,017,023" and insert "$44,738,317,023".

Page 1, line 44, strike "$23,400,751,863" and insert "$23,401,051,863".

Page 1, line 44, strike "$47,638,228,698" and insert "$47,638,528,698".

Page 2, line 15, strike "$66,235,720,871" and insert "$66,236,020,871".

Page 2, line 15, strike "$141,370,892,856" and insert "$141,371,192,856".



Explanation

(This amendment would provide the necessary general fund revenue adjustment associated with SB 1252. The bill would sunset the Coal Employment and Production Incentive Tax Credit and Coalfield Employment Enhancement Tax Credit after tax year 2021 and prohibit the allocation of such credits on and after January 1, 2022. As a placeholder, the general fund increase is estimated at $300,000 in FY 2022. The actual revenue impact has not yet been determined.)