Fiscal Note
SB0023 - Corporate Franchise and Income Tax Amendments
State Impact:
Enactment of this bill could increase revenue to the Education Fund by $50,200 in FY 2012.
| Funding Source | FY 2010 Approp. | FY 2011 Approp. | FY 2012 Approp. | FY 2010 Revenue | FY 2011 Revenue | FY 2012 Revenue |
| Education Fund | $0 | $0 | $0 | $0 | $0 | $50,200 |
| Total | $0 | $0 | $0 | $0 | $0 | $50,200 |
Individual, Business and/or Local Impact:
Depending upon the structure of the corporation and the size and nature of the income received, some corporations with a foreign operating company component may experience a corporate income tax increase. Individuals and local governments are unaffected.
| 1/12/2010, 7:52:10 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |