2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Tran
Increase State Assistance with Personal Property Taxes

Item 271 #1h

Item 271 #1h

First Year - FY2023 Second Year - FY2024
Department of Accounts Transfer Payments FY2023 $0 FY2024 $50,000,000 GF

Page 305, line 4, strike "$950,000,000" and insert "$1,000,000,000".

Page 305, line 9, strike" $950,000,000 the second" and insert:

"$1,000,000,000 the second".

Page 305, line 14, strike "$950,000,000" and insert "$1,000,000,000".


(This amendment provides $50.0 million in general fund appropriation in the second year to increase funding provided for the personal property tax relief program from $950.0 million, to $1.0 billion. This amendment is intended as a one-time increase in the state portion of car tax to address increased vehicle values due to inflation and supply chain delays.)