Fiscal Note
HB0345 - Earned Income Tax Credit
State Impact:
Passage of this bill could reduce the Uniform School Fund by $13,500,000 in FY 2006. The Tax Commission would require an appropriation of $35,700 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 | $35,700 | $0 | ($13,500,000) |
| Total | $0 | $35,700 | $0 | ($13,500,000) |
Individual and Business Impact:
Eligible individuals would receive an earned income tax credit of up to ten percent of the federal credit.
Office of the Legislative Fiscal Analyst
2/17/2004, 2:26:04 PM