Fiscal Note
HB0076 - Income Tax Credit for Military Retired Pay
State Impact:
Enactment of this bill could reduce the Education Fund by $7,250,000 beginning in FY 2011.
| Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
| Education Fund | $0 | $0 | $0 | $0 | $0 | ($7,250,000) |
| Total | $0 | $0 | $0 | $0 | $0 | ($7,250,000) |
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 eligible military retirement income will receive a potential credit of up to $500.
| 2/10/2009, 12:00:55 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |