Fiscal Note
SB0062 - College and University Tuition Tax Credits
State Impact:
Enactment of this bill could result in an Education Fund loss off approximately $8,400,000 in FY 2009. The Tax Commission would require an on-going appropriation of $40,100 from the Education Fund beginning in FY 2009 to implement the audit provisions of the bill.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| Education Fund | $0 | $40,100 | $40,100 | $0 | $0 | ($8,400,000) |
| Education Fund, One-Time | $0 | ($40,100) | $0 | $0 | $0 | $0 |
| Total | $0 | $0 | $40,100 | $0 | $0 | ($8,400,000) |
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. Eligible individuals could receive a tax reduction of up to $300.
| 1/25/2007, 11:39:46 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |