Fiscal Note
HB0308S02 - Invest More for Education Fund - Voluntary Contribution to Public Education
State Impact:
Enactment of this bill creates the Invest More For Education Fund as an Education Fund restricted account to provide for voluntary contributions from income tax returns. The amount of contributions cannot be estimated. Enactment of this bill would require an ongoing appropriation of $36,400 from the General Fund to the Tax Commission for changes to and publication of the income tax form.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| General Fund | $0 | $36,400 | $36,400 | $0 | $0 | $0 |
| Total | $0 | $36,400 | $36,400 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.
| 2/26/2007, 2:54:01 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |