2024 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Tran
HB 969: Child Tax Credit

Item 258 #13h

Item 258 #13h

First Year - FY2025 Second Year - FY2026
Department of Taxation FY2025 $299,356 FY2026 $73,331 GF
FY2025 1.00 FY2026 1.00 FTE

Page 279, line 3, strike "$67,280,233" and insert "$67,579,589".
Page 279, line 3, strike "$67,280,233" and insert "$67,353,564".


(This amendment provides $299,356 the first year and $73,331 the second year from the general fund and one position to support administrative costs for the Department of Taxation to implement the provisions of House Bill 969, which creates a tax credit for taxable years 2024 through 2028 for individuals whose households include dependents younger than the age of 18. This amendment is a placeholder until the 2024 fiscal impact statement for the bill is produced.)