1E Relating to state finance

ARTICLE 1 - TAX AIDS AND CREDITS

Eliminating the political contribution refund; reducing market value homestead credits and providing a limitation for counties and cities; reducing the renter credit and the property tax refund; modifying the formula for the sustainable forest incentive program incentive payment; reducing city and county local aid (LGA)

ARTICLE 2 - FEDERAL UPDATE

Updating certain provisions to changes in the internal revenue code (IRC); conforming to the federal extension of the exclusion of dependent health care coverage to adult children through age 26 for taxable years beginning after December 31, 2009 and before January 1, 2011; providing an option for certain employers to prepare and distribute corrected W-2 forms
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