Fiscal Notes for SB0071




		Fiscal Note SB0071 - Tax Credits for Special Needs Adoptions

State Impact:
Passage of this bill could result in a loss to the Uniform School Fund of approximately $640,000 in FY 2002 and a loss of $1,240,000 in FY 2003. The Tax Commission would require an appropriation of $33,400 in FY 2002 and an appropriation of $4,000 in FY 2003 to implement the provisions of the bill.

Funding Source	FY 02 Approp.	FY 03 Approp.	FY 02 Revenue	FY 03 Revenue
Uniform School Fund	$33,400	$4,000	($640,000)	($1,240,000)
TOTAL	$33,400	$4,000	($640,000)	($1,240,000)

Individual and Business Impact:
Taxpayers who choose to adopt special needs children could receive a tax break of up to $3,000 a year for a three year period.

Office of the Legislative Fiscal Analyst
2/1/2001 8:31:10 AM

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Last Revised: 30 August, 2000