Operating Budget Book

FY21 Governor's Recommended Operating Budget - Introduction

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Mentions of “PERSONAL INCOME TAX” — 3 found on pages 3, 8, 9

… Year 20 20 of $4,740.6 million and $4,818.3 million for Fiscal Year 2021. The highlights of the forecast include: • Personal Income Tax - This tax, closely modeled after federal income tax law, is progressive in nature, with marginal rates from 0 to 6. …

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… ty Fees and Limited Partnerships and Limited Liability Companies. * Includes Contingencies and One-Time Items. Personal Income Tax 33.4% Realty Tax 3.3% Lottery 4.1% Corp. Inc. Tax 2.8% Other Tax Rev. 4.5% Other Non-Tax* 7.6% Public Utility …

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… UE ($ Millions) Fiscal Year 2019 Actual Fiscal Year 2020 Forecast Fiscal Year 2021 Forecast Personal Income Taxes $ 1,730.5 $ 1819.0 $ 1,908.6 Corporation Income Taxes 187.8 215.5 222.6 Franchise Taxes 906.2 916.9 932.1 …

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Corp. IncLimited Liability CompanyPartnership and Limited Liability CompanyRiverfront Development Corporation

Programs

Early Childhood Assistance ProgramExperimental Program