Fiscal Note
SB0270S01 - Gift Card Amendments
State Impact:
Enactment of this bill will reduce state revenues by $100,000 in FY 2010 and by $110,000 in FY 2011. This ten percent per annum increase will likely continue in FY 2012 and for the foreseeable future.
| Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
| Uniform School Fund | $0 | $0 | $0 | $0 | ($110,000) | ($110,000) |
| Uniform School Fund, One-time | $0 | $0 | $0 | $0 | $10,000 | $0 |
| Total | $0 | $0 | $0 | $0 | ($100,000) | ($110,000) |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals or local governments. Businesses providing gift cards as stipulated in the bill will benefit from the value of unredeemed cards.
| 3/10/2009, 2:40:44 PM, Lead Analyst: Ricks, G. | Office of the Legislative Fiscal Analyst |