Budget Amendment ID: FY2024-S3-823

OTH 823

Preservation of Voter-Approved 62F

Messrs. Fattman, Tarr and O'Connor moved that the proposed new text be amended in section 9, in lines 27 through 32, by striking out the following words:- “(d) Income surtax revenues collected and deposited into the Education and Transportation Fund shall not be subject to the allowable state tax revenue limitations established by chapter 62F. Annually, not later than September 1, the commissioner of revenue shall estimate, for the preceding fiscal year, the amount of revenue to exclude from the chapter 62F calculation and shall include such estimate in the report submitted to the state auditor pursuant to subsection (a) of section 5 of said chapter 62F; provided, however, that this estimate shall be final.”