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2024 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Subramanyam
Young Families Cost Tax Credit (language only)

Item 0 #2s

Item 0 #2s

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 reduces general fund revenue by $1.0 million GF each year as a placeholder for the impact of establishing a income tax credit for the costs incurred by individuals and joint filers for qualifying items, including strollers, car seats and booster seats, baby cribs, and high chairs. The actual revenue impact is to be determined based on legislation introduced in the 2024 session.)