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Fiscal Note

SB0036 - Individual Income Tax - Bracket Adjustments

State Impact:
Passage of this bill would result in a Uniform School Fund loss of $3,900,000 in FY 2002 and a loss of $7,900,000 in FY 2003.

Funding Source FY 02
Approp.
FY 03
Approp.
FY 02
Revenue
FY 03
Revenue
Uniform School Fund $0 $0 ($3,900,000) ($7,900,000)
TOTAL

$0


$0


($3,900,000)


($7,900,000)

Individual and Business Impact:
Passage of this bill would broaden the brackets for inflation which would prevent some individuals from slipping into higher income tax categories.

Office of the Legislative Fiscal Analyst
1/16/2001 1:30:14 PM


Last Revised: 30 August, 2000

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