Fiscal Note

SB0100 - Income Tax Credit or Refund Amendments

State Impact:
Enactment of this bill will permanently forgo an estimated $35,000,000 per year in potential Education Fund revenue. The Tax Commission is not currently enforcing provisions of statute as written and thus elimination of those provisions will not result in real revenue loss.

Individual, Business and/or Local Impact:
Individuals and businesses may benefit from refunds allowed under this bill. Local governments are unaffected.