HB3300 HFA Rowe 3-26 #1

Delegate Rowe moves to amend H.B. 3300 on page 2, Section 4g, line 53 by striking out the period, inserting as colon and the following proviso:

            “Provided, That no reduction in any personal income tax rate may be calculated and applied by the Tax Commissioner for any time period in which the revenues collected for the general revenue fund, the lottery revenues fund and the excess lottery revenue fund in the prior fiscal year do not exceed by at least 3% the combined amount of those revenues collected in the fiscal year immediately next preceding such tax period.”