Fiscal Note

HB0106S01 - Clean Air and Efficient Vehicle Tax Incentives

State Impact:
Enactment of this bill would decrease the Education Fund by $15,100 in FY 2009 and by $3,600 in FY 2010. There is a potential increase in Transportation Fund revenues of $10,800 in FY 2009 and by $68,900 in FY 2010. There is a potential increase in sales tax revenue as clean fuels become subject to the sales tax.

Funding SourceFY 2008
Approp.		FY 2009
Approp.		FY 2010
Approp.		FY 2008
Revenue		FY 2009
Revenue		FY 2010
Revenue
Education Fund$0$0$0$0($15,100)($3,600)
Transportation Fund$0$0$0$0$10,800$68,900
   Total
$0
$0
$0
$0
($4,300)
$65,300

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments. Certain individuals and businesses would receive potential tax credits. There is also a potential tax increase for individuals resulting from the imposition of a clean fuel tax.

2/20/2008, 4:02:54 PM, Lead Analyst: Wilko, A.Office of the Legislative Fiscal Analyst