8:04 am
May 9, 2019
[UPDATE 6/27/2019: An updated version of the table is available here.]
The Legislature passed several tax bills this year. But because so much happened in the last few days of the legislative session, estimates of the fiscal impacts of bills as passed are still being updated.
The table below incorporates the most recent fiscal notes for the tax bills. As I’ve noted in the two earlier versions of this table, the numbers are still not final.
As updated, the major revenue increase bills passed in 2019 are estimated to increase total revenues (to NGFO, WEIA, and other accounts) by $1.192 billion in 2019–21 and $2.831 billion in 2021–23. Of that, $998.3 million in 2019–21 and $1.298 billion in 2021–23 go to the NGFO + WEIA. Other legislation reduces total revenues by $87.1 million in 2019–21 and $30.4 million in 2021–23.

Tags: 2019-21