Fiscal Note
HB0043S02 - Individual Income Tax Subtractions for Insurance Relating to Medical Care
State Impact:
Enactment of this bill could reduce the Education Fund by $7,300,000 in FY 2008 and by $7,665,000 in FY 2009.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| Education Fund | $0 | $0 | $0 | $0 | ($7,300,000) | ($7,665,000) |
| Total | $0 | $0 | $0 | $0 | ($7,300,000) | ($7,665,000) |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for businesses or local governments. Individuals would receive a tax benefit for health insurance costs.
| 2/14/2007, 3:15:57 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |