HB22-1129
General Fund Surplus Rebates To Taxpayers
| Type | Bill |
|---|---|
| Session | 2022 Regular Session |
| Subjects |
Concerning a rebate to taxpayers of the general fund surplus.
Bill 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.
(Note: This summary applies to this bill as introduced.)
Committees
Related Documents & Information
| Activity | Vote | Documents |
|---|
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.002 (Attachment A). | The motion passed without objection. | Vote summary |
| Refer House Bill 22-1129, as amended, to the Committee on Appropriations. | The motion passed on a vote of 8-3. | Vote summary |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 03/17/2022 | L.002 | HOU Finance | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 05/12/2022 | House | House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed |
| 03/17/2022 | House | House Committee on Finance Refer Amended to Appropriations |
| 01/21/2022 | House | Introduced In House - Assigned to Finance |
Prime Sponsor
Sponsor
Co-Sponsor
(None)