House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed (05/12/2022)
Bill Subjects
Fiscal Policy & Taxes
House Sponsors
Senate Sponsors
House Committee
Finance
Senate Committee
Date Introduced
01/21/2022
AI Summary
Summary
The bill requires the executive director to rebate $1,846,400,000
from the general fund to qualified individuals through income tax returns for the 2022 income tax year, which rebate amount is an estimate of the general fund surplus for the state fiscal year 2021-22. The rebates will be made to qualified individuals in the same manner as if the general fund surplus was excess state revenues under the Taxpayer's Bill of Rights
being refunded through the 6-tiered sales tax refund mechanism.
