Fiscal Note
HB0045 - Individual Income Tax Amendments for Education Funding
State Impact:
Passage of this bill could increase the Uniform School Fund by $79,000,000 in FY 2006. The Tax Commission would require an appropriation of $36,800 to implement the provisions of the bill.
| Funding Source | FY 2005 Approp. | FY 2006 Approp. | FY 2005 Revenue | FY 2006 Revenue |
| Uniform School Fund | $0 | $36,800 | $0 | $79,000,000 |
| Total | $0 | $36,800 | $0 | $79,000,000 |
Individual and Business Impact:
Individual impact will be dependent on the number of children claimed and income levels.
Office of the Legislative Fiscal Analyst
1/17/2004, 5:15:13 PM