Plain English Breakdown
The specific lines and details of the amendment were not provided in the official summary, only that it revises House Bill 99.
Clarifying Refundable Credit and Correcting Effective Date
This amendment changes House Bill 99 by making sure that a certain credit is refundable and fixing an error in the date it takes effect.
What This Bill Does
- Makes a specific tax credit referenced in lines 17 and 19 of House Bill 99 refundable.
- Corrects a technical drafting error relating to the effective date.
Who It Names or Affects
- People who might get a tax credit from this bill.
Terms To Know
- refundable
- A refundable credit means you can receive money back even if your taxes are less than the amount of the credit.
Limits and Unknowns
- The bill text does not provide specific details about who will benefit from this tax credit.
- There is no official effective date provided for when these changes will take place.