HB301 HFA Young 7-25

            Delegate Young moves to amend HB301 HFA Skaff et al. 7-25 on page 2, Section 4e, following the period at the end of subsection (f), by adding a new subsection, designated subsection (g) to read as follows:

“(g) Effective for the tax year 2022 and each tax year thereafter, when the state has an excess of revenues over the amount budgeted by the Legislature for that tax year in an amount of $1 billion dollars or more, as certified by the Secretary of the Department of Revenue, then the provisions of subsection (h) of this section are triggered and the personal income tax rebates of that subsection apply for that tax year.”