SB 181

General Assembly  Proposed Bill No. 181
      February Session, 2026  LCO No. 918
    Referred to Committee on  FINANCE, REVENUE AND
    BONDING
    Introduced by:
     SEN. HARDING, 30th Dist.  SEN. BERTHEL, 32nd Dist.
     SEN. MARTIN, 31st Dist.  SEN. FAZIO, 36th Dist.
     SEN. SAMPSON, 16th Dist.  SEN. GORDON, 35th Dist.
     SEN. CICARELLA, 34th Dist.  SEN. KISSEL, 7th Dist.
     SEN. SOMERS, 18th Dist.  SEN. PERILLO J., 21st Dist.
     SEN. HWANG, 28th Dist.
 AN ACT CONCERNING PERSONAL INCOME TAX REFUNDS.
 Be it enacted by the Senate and House of Representatives in General
 Assembly convened:
1        That $330,811,954 be transferred from the Budget Reserve Fund to the
2      General Fund and said amount be used to provide refunds, as calculated
3      by the Department of Revenue Services, of personal income tax actually
4      paid by taxpayers who filed a federal income tax return for the taxable
5      year commencing on or after January 1, 2025.
       Statement of Purpose:
       To require moneys to be transferred from the Budget Reserve Fund to
       the General Fund and used to provide personal income tax refunds to
       taxpayers.
    LCO No. 918  1 of 1