Fiscal Note
SB0040 - Earned Income Tax Credit
State Impact:
Enactment of this bill could reduce the Education Fund by $24,400,000 annually beginning 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 | $0 | ($24,400,000) |
| Total | $0 | $0 | $0 | $0 | $0 | ($24,400,000) |
Individual, Business and/or Local Impact:
The average earned income tax credit is estimated to be $187 per eligible household.
| 1/16/2007, 5:31:24 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |