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Fiscal Note

HB0286 - Corporate Franchise and Income Tax and Individual Income Tax Credits - Historic Building Rehabilitation

State Impact:
Passage of this bill could result in a Uniform School Fund revenue loss of $186,200 in FY 2002 and a loss of $248,200 in FY 2003.

Funding Source FY 02
Approp.
FY 03
Approp.
FY 02
Revenue
FY 03
Revenue
Uniform School Fund $0 $0 ($186,200) ($248,200)
TOTAL

$0


$0


($186,200)


($248,200)

Individual and Business Impact:
Taxpayers eligible under this bill could receive a tax credit of as much as $100,000. Average tax credits however, will be closer to $15,000.

Office of the Legislative Fiscal Analyst
2/17/2001 2:04:00 PM


Last Revised: 30 August, 2000

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