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Administration withdraws PTC rebate‑to‑tax‑credit proposal; JBC considers $1M MOE implementation appropriation
Summary
Staff told the Joint Budget Committee the administration withdrew a proposed conversion of PTC rebates to a tax credit because of implementation and fiscal complexities, and recommended a roughly $1.0 million appropriation to implement a maintenance‑of‑effort methodology change for Aid to the Needy Disabled.
Tom Dermody, JBC staff, told the committee that the administration withdrew a bill that would have converted PTC rebates into a tax credit after staff and agencies identified implementation complexities and large variance in revenue estimates. "They're effectively pulling that request for that legislation," Dermody said.
As an alternative, staff recommended appropriations to support the Department of Human Services’ move to a payment‑level methodology for maintenance‑of‑effort (MOE)…
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