Fiscal Note
SB0186 - Amendments to State Tax Commission Penalty Provisions
State Impact:
Enactment of this bill could decrease revenue to the Education Fund by $1,525,000 in FY 2009, $2,970,000 in FY 2010, and $3,146,000 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 | ($3,146,000) | ($3,146,000) | ($3,146,000) |
| Education Fund, One-Time | $0 | $0 | $0 | $1,621,000 | $176,000 | $0 |
| Total | $0 | $0 | $0 | ($1,525,000) | ($2,970,000) | ($3,146,000) |
Individual, Business and/or Local Impact:
Individuals and businesses that do not file returns on time could experience a decrease in penalties paid by $1,525,000 in FY 2009, $2,970,000 in FY 2010, and $3,146,000 in FY 2011. Local entities are likely unaffected.
| 2/20/2009, 1:10:26 PM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |