SB392 HFA Hornbuckle 3-12 #2

Altizer 3259

Delegate Hornbuckle moves to amend "SB392 HFIN AM" on page 9, line 55, following the period at the end of Section 4h, by striking out §11-21-4j in its entirety and inserting in lieu thereof a new section, to read as follows:

"§11-21-12o. Additional modification reducing federal adjusted gross income related to credit for each dependent child.

In addition to amounts authorized to be subtracted from federal adjusted gross income pursuant to §11-21-12, a modification reducing federal adjusted gross income is hereby authorized for taxable years beginning on or after January 1, 2026, a refundable credit against the tax liability imposed under this article is allowed to any resident individual for each dependent child up to and including age 17 claimed on the individual’s tax return in the amount of $350 per child."