Fiscal Notes for HB0127




		Fiscal Note HB0127 - Individual Income Tax Deduction for Net Capital Gain

State Impact:
Passage of this bill could result in a loss to the Uniform School Fund of $26,000,000 annually. The Tax Commission would require an appropriation of $27,400 in FY 2002 and an appropriation of $4,000 in FY 2003 to implement the provisions of the bill.

Funding Source	FY 02 Approp.	FY 03 Approp.	FY 02 Revenue	FY 03 Revenue
Uniform School Fund	$27,400	$4,000	($26,000,000)	($26,000,000)
TOTAL	$27,400	$4,000	($26,000,000)	($26,000,000)

Individual and Business Impact:
Taxpayers would receive a $1,000 tax break on a $100,000 capital gain.

Office of the Legislative Fiscal Analyst
2/1/2001 8:12:00 AM

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Last Revised: 30 August, 2000