RealRobc2582

RealRobc2582 t1_iuhdmpn wrote

No it excludes federal aid specifically. Federal aid is defined as money the state already receives on an annual basis. Read the fucking law! Any money the state already regularly receives on an annual basis is considered tax revenue for the purpose of the definition. Covid money doesn't meet that standard or definition that's why it's counted different it's not money the state gets every year.

1

RealRobc2582 t1_iucynlf wrote

If you bothered to read the link you sent it defines what tax revenue is. Since covid relief funds would not fall under a reimbursement and it's also not a proceed from a bond or investment it would be classified as a receipt of revenue received and recognized as a tax for the purpose of this discussion. Covid money was aimed at giving additional assistance to states so it's not a reimbursement of any kind. Hence the tax status.

''State Tax Revenues'' means the revenues of the Commonwealth from every tax, surtax, receipt, penalty and other monetary exaction, and interest in connection therewith, including but not limited to, taxes and surtaxes on personal income, excises and taxes on retail sales and use, meals, motor vehicle fuels, businesses and corporations, public utilities, alcoholic beverages, tobacco, inheritances, estates, deeds, room occupancy and pari-mutuel wagering; but excluding federal reimbursements, proceeds from bond issues, earnings on investments, tuitions, fees, service charges and other departmental revenues, and revenues directly attributable to the additional taxes levied pursuant to section eighty-eight of chapter six hundred and eighty-four of the Acts of nineteen hundred and seventy-five.

1