Department of Accounts Transfer Payments (162)
| Request Title | Provide funding for Car Tax Credits |
| Biennium | 2024-2026 |
| Budget Round | Amended Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Provides funding for the creation of car tax relief credits for certain taxpayers. Separate language in the Additional Enactments section of the budget creates a refundable tax credit of $150 for single individuals and $300 for married persons whose federal adjusted gross income does not exceed $50,000 for single individuals or $100,000 for married persons filing jointly. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $1,103,000,000 | $0 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
| 746 | Personal Property Tax Relief Program | $1,103,000,000 | $0 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | $1,103,000,000 | $0 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 08-01-2025 02:18:11
