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MO HB2600

Bill

Status

Engrossed

3/31/2016

Primary Sponsor

Tom Flanigan

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Updates the Surplus Revenue Fund fiscal period from July 1, 2013–June 30, 2015 to July 1, 2015–June 30, 2017

  • Raises the general revenue collection threshold that triggers surplus fund deposits from $16.834 billion to $18.207 billion

  • Reduces the maximum deposit cap into the Surplus Revenue Fund from $215 million to $127.3 million

  • Changes the revenue calculation method from "net of refunds" to "less refunds and transfers to general revenue"

  • Requires all taxpayer refunds owed during the fiscal period to be paid in full by June 30, 2017

Legislative Description

Changes the laws regarding the surplus revenue fund

Last Action

Second read and referred: Senate Appropriations(S)

4/6/2016

Committee Referrals

Fiscal Review3/30/2016
Select Committee on Budget2/24/2016

Full Bill Text

No bill text available