Over-Refund of Excess State Revenues

Summary

The bill directs the state controller to correct the accounting of 2024‑25 spending that exceeded the constitutional limit because of the July 2025 federal tax law (H.R. 1). It sets a formula for determining how much of the previously required refund should be reduced, limits that reduction to half of the calculated amount, and applies it only to fiscal years starting July 1 2026 or later. A modest $18,021 appropriation is provided to the state auditor’s office to implement the changes.

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