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2025 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Locke
Child Care Subsidy - 10% Tax Bracket on Income Over $1.0 million

Item 125.10 #1s

Item 125.10 #1s

First Year - FY2025 Second Year - FY2026
Education
Direct Aid to Public Education FY2025 $0 FY2026 $545,000,000 GF

Language
Page 201, line 27, strike "$593,210,086" and insert "$1,138,210,086".


Explanation

(This amendment provides $545.0 million GF each year to the Child Care Subsidy Program from a portion of the revenue generated by a 10.0 percent income tax on income in excess of $1.0 million. These funds will be used to increase state support for child care subsidies. A companion amendment in Part 4 imposes the tax.)