Fiscal Note
HB0406 - Income Tax Credits for Certain Health Insurance Premiums Paid by a Small Employer
State Impact:
Enactment of this bill could reduce the Education Fund by $40,000,000 in FY 2008 and by $41,000,000 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 | ($40,000,000) | ($41,000,000) |
| Total | $0 | $0 | $0 | $0 | ($40,000,000) | ($41,000,000) |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments. Small employers could receive tax credits of $1,000 for each employee covered by insurance.
| 2/15/2007, 10:20:45 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |