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Fiscal Note

HB0347 - State Earned Income Tax Credit

State Impact:
Passage of this bill could decrease Uniform School Fund by $10,266,200 beginning in FY 2003. The Tax Commission would require an appropriation of $27,400 to implement the provisions of the bill.

Funding Source FY 02
Approp.
FY 03
Approp.
FY 02
Revenue
FY 03
Revenue
Uniform School Fund $27,400 $0 $0 ($10,266,200)
TOTAL

$27,400


$0


$0


($10,266,200)

Individual and Business Impact:
Individuals eligible under this legislation would receive tax relief of approximately $55.

Office of the Legislative Fiscal Analyst
2/20/2001 6:33:35 PM


Last Revised: 30 August, 2000

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