Fiscal Note
HB0078S01 - Property Tax Deferral - Senior Citizens
State Impact:
Enactment of this bill will appropriate $250,000 in one-time General Fund revenues in FY 2008 to the Tax Commission for distribution to certain counties as provided in this bill.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| General Fund, One-Time | $0 | $250,000 | $0 | $0 | $0 | $0 |
| Total | $0 | $250,000 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs for businesses or local governments. This bill could result in a deferral of a portion of property taxes for individuals over the age of 70 in FY 2008, limited in the aggregate to the amount appropriated in this bill.
| 2/19/2007, 11:19:53 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |