Fiscal Note
HB0077 - Income Tax Credit for Taxable Social Security Benefits
State Impact:
Enactment of this bill may reduce revenue to the Education Fund by an estimated $56,000,000 in FY 2010 and 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 | ($56,000,000) | ($56,000,000) |
| Total | $0 | $0 | $0 | $0 | ($56,000,000) | ($56,000,000) |
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. Individual who have taxable social security benefits could receive a non-refundable tax credit.
| 1/22/2009, 1:21:55 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |