View Amendment Current Amendment: DG lb relief2.DOCX to Bill 5001     Senator BRIGHT proposes the following amendment (DG LB RELIEF2):
    Amend the bill, as and if amended, Part 1B, Section 118, STATEWIDE REVENUE, page 530, proviso 118.16, by amending the subsection added by the document bearing file path N:\S-FINANC\AMEND\DAD\118.16 ADDL REV2 HKL.DOCX, by striking all items after item (10) and inserting:

/ (11)     If any unobligated Fiscal Year 2015-16 General Fund surplus revenues are collected above the amounts certified by the Board of Economic Advisors, then such must be used to provide an individual income tax credit for income tax year 2016. The amount of the credit shall be determined by the Department of Revenue, and shall be an equal amount for each individual taxpayer with a tax liability. The amount of the credit may not exceed the taxpayer's liability. For taxpayers that file a joint return, the credit shall be doubled.     /

    Renumber sections to conform.
    Amend sections, totals and title to conform.