Fiscal Note
HB0161 - Corporate Franchise and Income Tax Credits Relating to Biodiesel or Syngas Production
State Impact:
Enactment of this bill could reduce the Education Fund by $1,000,000 beginning in FY 2009. The Department of Environmental Quality would require an appropriation of $7,300 to implement the provisions of the bill.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| General Fund | $0 | $7,300 | $7,300 | $0 | $0 | $0 |
| Education Fund | $0 | $0 | $0 | $0 | $0 | ($1,000,000) |
| Total | $0 | $7,300 | $7,300 | $0 | $0 | ($1,000,000) |
Individual, Business and/or Local Impact:
Enactment of this bill will benefit biodiesel and Syngas fuel producers.
| 2/7/2007, 7:48:26 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |