Fiscal Note
HB0036S01 - Income Tax Additions and Subtractions for Higher Education Savings
State Impact:
Enactment of this bill is estimated to reduce the Education Fund by $14,000 annually.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| Education Fund | $0 | $0 | $0 | $0 | ($14,000) | ($14,000) |
| Total | $0 | $0 | $0 | $0 | ($14,000) | ($14,000) |
Individual, Business and/or Local Impact:
Trusts which participate in the Utah Educational Savings Plan program will be allowed a deduction under the proposed statute.
| 1/30/2007, 10:39:56 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |