Fiscal Note
SB0177 - Income Tax Credits, Additions, and Subtractions for College Savings
State Impact:
Enactment of this bill will result in a loss of approximately $1 million revenue in Education Fund revenue annually beginning with 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 | ($1,000,000) |
| Total | $0 | $0 | $0 | $0 | $0 | ($1,000,000) |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments. Contributors to 529 plans other that the Utah Educational Savings Plans will be eligible for a tax deduction.
| 2/23/2007, 12:05:08 PM, Lead Analyst: Pratt, S. | Office of the Legislative Fiscal Analyst |