Fiscal Note
SB0132S01 - Individual Income Tax Contribution for Methamphetamine Housing Reconstruction and Rehabilitation Fund
State Impact:
Enactment of this bill creates the Methamphetamine Housing Reconstruction and Rehabilitation Fund. Revenue to the fund and expenditures from the fund have a net zero fiscal impact. The account is funded by voluntary contributions made on individual income tax returns. The expected amount of contributions is $50,000 in FY 2010 and $50,000 FY 2011. The contribution is thereafter not included on the individual income tax return.
| Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
| General Fund Restricted | $0 | $50,000 | $50,000 | $0 | $50,000 | $50,000 |
| Total | $0 | $50,000 | $50,000 | $0 | $50,000 | $50,000 |
Individual, Business and/or Local Impact:
Individuals and businesses may contribute to projects related to housing reconstruction and rehabilitation. Local taxing entities may benefit by having funds available for housing reconstruction.
| 3/5/2009, 4:37:27 PM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |