Menu
2024 Session

Budget Amendments - SB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Jordan
Adoption Tax Credit (SB 310) (language only)

Item 0 #21s

Item 0 #21s

Revenues
Revenues

Language

Page 1, strike line 25 and insert:"

Official Revenue Estimate

$28,114,386,852

$29,639,902,918

$57,754,289,770

"



Explanation

(This amendment accompanies Senate Bill 310, which creates a $4,000, nonrefundable tax credit beginning in taxable year 2024 for an individual or married filer who, during the taxable year, finalize a legal nonfamily adoption. The amendment reduces general fund revenue by $7.0 million each year as a placeholder. The actual revenue impact is to be determined.)