Fiscal Notes for HB0284




		Fiscal Note HB0284 - Individual Income Tax - Eliminating Marriage Tax Penalties

State Impact:
Passage of this bill could decrease the Uniform School Fund by $19,200,000 annually beginning in FY 2003.

Funding Source	FY 02 Approp.	FY 03 Approp.	FY 02 Revenue	FY 03 Revenue
Uniform School Fund	$0	$0	$0	($19,200,000)
TOTAL	$0	$0	$0	($19,200,000)

Individual and Business Impact:
This bill modifies the adjusted gross income amounts at which retirement income may be deducted. Passage of the bill would benefit those taxpayers who are currently penalized for filing married joint returns.

Office of the Legislative Fiscal Analyst
2/7/2001 4:02:29 PM

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Last Revised: 30 August, 2000