Fiscal Note
HB0052 - Research Activities Tax Credits Amendments
State Impact:
Enactment of this bill could result in an Education Fund loss of $5,900,000 in FY 2008 and an Education Fund gain of $5,900,000 in FY 2009. In FY 2010 the changes are revenue neutral.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| Education Fund | $0 | $0 | $0 | ($5,900,000) | $5,900,000 | $0 |
| Total | $0 | $0 | $0 | ($5,900,000) | $5,900,000 | $0 |
Individual, Business and/or Local Impact:
Companies eligible for the new research credit would see additional tax benefits those involved in incremental research would see a reduction in the tax credits authorized.
| 1/23/2008, 8:50:01 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |