Fiscal Note
HB0036S02 - Income Tax Additions, Subtractions, and Credits for Higher Education Savings
State Impact:
Enactment of this bill is estimated to reduce the Education Fund by $14,000 annually.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| General Fund | $0 | $0 | $0 | $0 | ($14,000) | ($14,000) |
| Total | $0 | $0 | $0 | $0 | ($14,000) | ($14,000) |
Individual, Business and/or Local Impact:
Trusts which participate in the Utah Educational Savings Plan program will be allowed a credit under the proposed statute.
| 2/28/2007, 9:22:28 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |