State revenue $800M more than projected
Taxpayers could be looking at a rebate in the coming year.
The state collected an estimated $800 million more than was projected last tax season.
Legislation goals this year include getting that money back to the people who paid it to the state. It is up in the air whether the rebate will pass, and if it does, people will not see this rebate until next tax season.
The rebate will be allocated based on income tax. Senator Brice Wiggins said, “It’s the income tax, based on the tax returns that were done. So, the Department of Revenue, working with the legislature, can make that determination of who’s entitled to that rebate if it’s going to be a rebate.”
The legislature also is looking into expanding Medicaid benefits for postpartum care and giving teachers another raise.