Relating to disposition of revenue in excess of revenue estimate; prescribing an effective date.
Catchline/Summary:
Modifies methodology for determining amount of surplus tax credit received by personal income taxpayers under statutory kicker provision. Modifies methodology for determining amount of surplus tax credit received by personal income taxpayers under statutory kicker provision. Requires excess kicker revenues be credited to taxpayers in equal amounts instead of as percentage of personal income tax liability.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 4063 House Committee On Revenue
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