Committee declines sponsorship of PTC conversion; DHS requests $1.0M to implement MOE methodology change
JBC staff said the governor’s office and DHS withdrew a plan to convert a PTC rebate into a tax credit; DHS instead requested $1.0 million total funds ($~835,000 general fund) to implement a change in MOE methodology for Aid to the Needy Disabled programs.
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Tom Dermody, JBC staff, briefed the Joint Budget Committee on a late change in requests tied to an anticipated conversion of a property‑tax credit (the PTC rebate) to a tax credit.
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