Fiscal Note
HB0158 - Tax Credit for Military Retired Pay
State Impact:
Enactment of this bill could reduce the Education Fund by approximately $6,000,000 annually.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $0 | $0 | $0 | ($6,000,000) | ($6,000,000) |
| Total | $0 | $0 | $0 | $0 | ($6,000,000) | ($6,000,000) |
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. Individuals who have military retirement income will receive a credit of up to $500.
| 1/29/2008, 3:39:38 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |