6346-S.E AMH REEV TAYT 562

ESSB 6346 - H AMD TO H AMD(H-3793.3/26) 2614

NOT ADOPTED 03/09/2026

On page 5, beginning on line 33 of the striking amendment, strike all of section 202 and insert the following:

"NEW SECTION. Sec. REVENUE DISTRIBUTION. (1) Beginning January 1, 2028, 49 percent of all net new revenue collected pursuant to this chapter must be deposited into the affordability and tax relief account created in section 203 of this act.

(2) Fifty-one percent of all net new revenues collected under this chapter must be deposited into the state general fund to fund K-12 education, health care, higher education, other essential governmental services, and the working families tax credit.

(3) "New net revenue" means revenue collected under this chapter less any credits authorized under this chapter.

NEW SECTION. Sec. AFFORDABILITY AND TAX RELIEF ACCOUNT. (1) The affordability and tax relief account is created in the state treasury.

(2) Moneys in the account may be appropriated only for credits and relief authorized under this chapter.

(3) Expenditures may include:
‎(a) Refundable individual credits;
‎(b) Child care relief credits;
‎(c) Retirement savings credits;
‎(d) Small business credits; and
‎(e) Appropriations to the community reinvestment program."

Renumber the remaining sections consecutively and correct any internal references accordingly.

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