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2023 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: McClellan
Child Tax Credit (SB 1324) (language only)

Item 0 #11s

Item 0 #11s

Revenues
Revenues

Language

Page 1, line 39, strike "$26,901,248,506" and insert "$26,337,248,506".



Explanation

(This amendment accompanies Senate Bill 1324, a bill establishing a state Child Tax Credit. The bill provides a $500 refundable tax credit per child under the age of 18 for households earning at or below $100,000 adjusted gross income. This amendment assumes a general fund reduction of $564.0 million the second year as a placeholder. The actual revenue impact is to be determined.)