Prescribes methodology for the preparation of revenue estimates used in the budgeting process and as applicable to the surplus revenue refund process.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Representative Gamba
Last action: 2025-06-27
Official status: In House Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 House
In committee upon adjournment.
2025-02-27 House
Referred to Revenue.
2025-02-25 House
First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act adds detail for methods of making estimates of how much tax money comes into General Fund. (Flesch Readability Score: 61.6).
Prescribes methodology for the preparation of revenue estimates used in the budgeting process and as applicable to the surplus revenue refund process. Applies to estimates prepared on or after January 1, 2026.
Requires the Department of Revenue to estimate the difference in surplus revenue calculations using stated methodologies, and transfer an amount equal to the difference for use for various purposes.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to revenue estimates; prescribing an effective date.
Current location: In House Committee