Revision: March 31, 2021, 4:48 p.m.
Rep. Nordgren, Graf. 12
Rep. Wallner, Merr. 10
Rep. Rogers, Merr. 28
March 31, 2021
2021-1086h
10/11
Floor Amendment to HB 2-FN-A-LOCAL
Amend the bill by deleting section 100, relative to the rate of the business enterprise tax.
Amend the bill by replacing section 101-a with the following:
101-a Effective Date. Section 101 of this act shall take effect upon its passage.
Amend the bill by inserting after section 372 the following new section:
373 Revenue Estimates Increased; General; Education Trust Fund; Business Enterprise Tax. The estimate of unrestricted revenue contained in HB 1-A of the 2021 regular legislative session for general and education trust fund, business enterprise tax, shall be increased by $4,700,000 for the fiscal year ending June 30, 2022, and by $13,300,000 for the fiscal year ending June 30, 2023. Said increases shall be allocated proportionally between the general fund and education trust fund.
2021-1086h
AMENDED ANALYSIS
Replace :
42. Increases the filing threshold for the business enterprise tax; and reduces the rate of the business profits tax.