||This bill provides
tax conformity with certain portions of the Tax Cuts and Jobs Act (TCJA) and
other tax changes passed by the federal government through March 23,
2018. It also makes various other
changes to individual and corporate income tax laws. It would result in a loss of General Fund
revenue of $3,929,800 in fiscal year 2017-18 and $47,559,400 in fiscal year
2018-19 and a loss of Local Government Fund revenue of $80,200 in fiscal year
2017-18 and $970,600 in fiscal year 2018-19.
The bill includes a General Fund appropriation of $714,905 in fiscal
year 2018-19 to the Department of Administrative and Financial Services for 3
Tax Examiner positions and related All Other and computer programming costs.