Fiscal Note
SB0130 - Income Tax Credit - Contributions for Which Federal Matching Monies Are Offered
State Impact:
Enactment of this bill could decrease revenue to the Education Fund by $500,000 annually.
| 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 | ($500,000) | ($500,000) |
| Total | $0 | $0 | $0 | $0 | ($500,000) | ($500,000) |
Individual, Business and/or Local Impact:
Individuals and businesses that make contributions for which federal matching monies are offered will benefit through a nonrefundable tax credit. Local governments are likely unaffected.
| 2/3/2009, 11:34:19 AM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |