Revenue & Tax - Senate

Sent that for him again center pretty if you would would you mind taking over his chair while I present this. Yeah. We should cherry you recognized thanks sir jimmy hake i'm here to present house bill tim is one zero zero four this is the identical version of the house you heard the senate version in here and and also on the floor so i'm not going to go to a lot of it again again what we're doing is just transferring. Seven hundred and ten million six hundred and twelve thousand five hundred and eight dollars from the. General reserve general a lot and it reserve a count into a restricted reserve account this is a call companion bill for the income tax it is being set up in the event that we have economic recessions other downterms and if we and if they were severe enough that we could use this money not going to be used for the tax hit themselves again suggest they reserve a count irritate two thousand are console legislated council to do that and that will only be after a written request is being presented by the executive branch problem through dfe. With that i'd answer any question. Are there any questions by the committee. Is there anyone in the audience who would like to speak for or against the bill. And seeing them i'm closed and i'll move the two pass have a motion by chairman hickey in a second by senator crowl. All those in favor let him know by high any opposed motion carries congratulations. The. Okay members we are going to have to meet one more time whenever we seem that there was bills on this calendar i've made the assumption that the house version of the tax cut bill was also here if I if I had a known that it wasn't just because honestly we would not have called the meeting until we had both however so we're just going to have to be ready for that so we will have to meet one more time so is there anything else to come before the committee. Okay with that we're joined.