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Fiscal Note

SB0227 - Individual Income Tax Credit for Certain Political Contributions

State Impact:
Passage of this bill could result in a Uniform School Fund loss of $7,000,000 annually beginning in FY 2002. The Tax Commission would require an appropriation of $37,400 to implement the provisions of the bill.

Funding Source FY 02
Approp.
FY 03
Approp.
FY 02
Revenue
FY 03
Revenue
Uniform School Fund $37,400 $8,000 ($7,000,000) ($7,000,000)
TOTAL

$37,400


$8,000


($7,000,000)


($7,000,000)

Individual and Business Impact:
Taxpayers could receive a tax credit of up to $100.

Office of the Legislative Fiscal Analyst
2/20/2001 3:26:06 PM


Last Revised: 30 August, 2000

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