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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
FY 03
FY 02
FY 03
Uniform School Fund $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

Last Revised: 30 August, 2000

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