Menu
2024 Session

Budget Amendments - SB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Williams Graves
Co-Patron(s): Surovell
Historic Rehabilitation Tax Credit Cap Per Taxpayer (SB 556) (language only)

Item 0 #10s

Item 0 #10s

Revenues
Revenues

Language

Page 1, strike line 25 and insert:"

Official Revenue Estimate

$28,106,336,852

$29,631,852,918

$57,738,189,770

"



Explanation

(This amendment accompanies Senate Bill 556, a bill increasing the maximum amount of the historic rehabilitation tax credit that may be claimed by a taxpayer in any taxable year from $5.0 million to $10.0 million, beginning in taxable year 2024. This amendment assumes a general fund revenue reduction of $15.0 million each year. The actual revenue impact is to be determined.)