Bentley estimates this will increase revenue by $20 million. Another $1 million is projected by removing the credit that financial institutions get from sales taxes paid.The governor wants to increase revenues by $25 million by removing the credits for state privilege tax paid and ad valorem tax paid by insurance companies and by taking away insurance companies’ office facilities and real property investment credits.Another projected $12 million would come from the elimination of income tax withholding exemption certificates.The biggest funding increases would come from two areas: Automobiles and cigarettes. The Bentley plan would raise automobile sales and rental tax rates by 4 percent each for a projected budget increase of $231 million.

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