| SB 0417 | Refund of Excess Revenue Under Hancock Amendment |
| Sponsor: | Schneider | |||
| LR Number: | S1666.01I | Fiscal Note: | 1666-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 02/26/97 - Hearing Conducted S Ways & Means Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 1997 | |||
SB 417 - This act authorizes a resident taxpayer to take a
credit, in an amount determined by the Director of Revenue, for
each personal and dependency exemption claimed on that taxpayer's
tax return. The amount of the credit is based on the amount
necessary to refund the excess revenues determined pursuant to
the Hancock Amendment.
RUSS HEMBREE