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GA Adjustment
Department of Taxation (161)
Request Title Operating Support for Bank Franchise Tax Implementation
Biennium 2024-2026
Budget Round Initial Bill
Half Sheet Number 258 #3c
Description

This amendment provides $488,494 the first year and $76,348 the second year from the general fund for administrative costs incurred by the Department of Taxation in support of legislation passed by the 2023 General Assembly related to the Bank Franchise Tax. A companion amendment to House Bill 29 provides funding in the current year for immediate work needed to effectuate the purposes of the law change.

Funding Details
By Program Program Code Program Title FY 2024 FY 2025
  732 Revenue Administration Services $488,494 $76,348
By Fund Fund Code Fund Title FY 2024 FY 2025
  01000 General Fund $488,494 $76,348
Authorized Position Details
By Program Program Code Program Title FY 2024 FY 2025
  732 Revenue Administration Services 3.00 3.00


p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 06:07:51