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2024 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Reeves
Income Tax Subtraction Military Retirement Benefits (SB 10) (language only)

Item 0 #18s

Item 0 #18s

Revenues
Revenues

Language

Page 1, strike line 25 and insert:"

Official Revenue Estimate

$28,120,386,852

$29,645,902,918

$57,766,289,770

"



Explanation

(This amendment accompanies Senate Bill 10 that expands the income tax subtraction on military retirement benefits to include the commissioned corps of the National Oceanic and Atmospheric Administration, and the commissioned corps of the United States Public Health Service. This amendment reduces general fund revenue by $1.0 million each year as a placeholder. The actual revenue impact is to be determined.)