Fiscal Note
SB0059 - Allocation and Apportionment of Income and Deduction of a Net Loss
State Impact:
Enactment of this bill will decrease revenue to the Education Fund by $11,000,000 in FY 2010 and $12,000,000 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 | ($12,000,000) | ($12,000,000) |
| Education Fund, One-Time | $0 | $0 | $0 | $0 | $1,000,000 | $0 |
| Total | $0 | $0 | $0 | $0 | ($11,000,000) | ($12,000,000) |
Individual, Business and/or Local Impact:
Certain businesses with a greater proportion of sales out of state may experience a tax decrease, whereas other businesses with a smaller proportion of sales in state may experience a tax increase. Individuals and locals are unaffected.
| 2/26/2009, 5:02:19 PM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |