Fiscal Notes for HB0283




		Fiscal Note HB0283 - Individual Income Tax Credit for Volunteers in Schools

State Impact:
Passage of this bill could result in a loss to the Uniform School Fund of $500,000 annually. The Tax Commission would need an appropriation of $27,400 to implement the provisions of the bill in FY 2002 and an appropriation of $4,000 in FY 2003.

Funding Source	FY 02 Approp.	FY 03 Approp.	FY 02 Revenue	FY 03 Revenue
Uniform School Fund	$27,400	$4,000	($500,000)	($500,000)
TOTAL	$27,400	$4,000	($500,000)	($500,000)

Individual and Business Impact:
Passage of this bill would give a tax break of up to $200 to individuals who volunteer in schools.

Office of the Legislative Fiscal Analyst
2/12/2001 6:17:15 PM

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Last Revised: 30 August, 2000