 | Fiscal NoteH.B. 153 2nd Sub. (Gray) 2024 General Session Child Care Revisions by Pulsipher, S (Pulsipher, Susan.) |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(4,723,600) | $4,696,100 | $(27,500) |
| Revenues | FY 2024 | FY 2025 | FY 2026 |
| Income Tax Fund | $0 | $(4,700,000) | $(4,700,000) |
| Income Tax Fund, One-time | $0 | $4,700,000 | $0 |
| Dedicated Credits Revenue | $8,800 | $53,300 | $53,300 |
| Total Revenues | $8,800 | $53,300 | $(4,646,700) |
Enactment of this bill may reduce revenues to the Income Tax Fund by $4.7 million beginning in FY 2026 as a result of the additional credits authorized in the bill. Enactment of this legislation could also increase Dedicated Credits to the Department of Health and Human Services by $8,800 in FY 2024 and $53,300 ongoing beginning in FY 2025 as a result of background checks.
| Expenditures | FY 2024 | FY 2025 | FY 2026 |
| General Fund | $0 | $23,600 | $23,600 |
| General Fund, One-time | $3,900 | $0 | $0 |
| Dedicated Credits Revenue | $8,300 | $53,300 | $53,300 |
| Total Expenditures | $12,200 | $76,900 | $76,900 |
Enactment of this legislation could cost the Department of Health and Human Services from the General Fund $3,900 one-time in FY 2024 and $23,600 ongoing beginning in FY 2025 for staff support. It will also cost the Department of Health and Human Services and the Department of Public Safety from Dedicated Credits $8,800 in FY 2024, and $53,300 ongoing beginning in FY 2025 for background checks distributed as follows: $32,000 ongoing beginning in FY 2025 and $5,300 one-time in FY 2024 to the Department of Public Safety and $21,300 ongoing in FY 2025 and $3,000 one-time in FY 2024 to the Department of Health and Human Services for background checks.
| FY 2024 | FY 2025 | FY 2026 | |
| Net All Funds (rev-exp) | $(3,400) | $(23,600) | $(4,723,600) |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation could result in an estimated 11,100 individuals experiencing tax savings of $423 on average beginning in tax year 2025 as a result of the additional ages authorized in the bill. Aggregate savings could be approximately $4.7 million beginning in FY 2026. Approximately 1,000 individuals could pay $53,300 in aggregate for background checks.