Administration withdraws PTC rebate‑to‑tax‑credit proposal; JBC considers $1M MOE implementation appropriation
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.
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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.
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