Fiscal Note
HB0133 - Earned Income Tax Credit
State Impact:
Enactment of this bill could reduce the Education Fund by $32,300,000 in FY 2010 and by $33,600,000 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 | ($32,300,000) | ($33,600,000) |
| Total | $0 | $0 | $0 | $0 | ($32,300,000) | ($33,600,000) |
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. Eligible individuals could receive a refundable tax credit of 10 percent of the federal income tax credit allowed.
| 2/2/2009, 12:23:18 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |