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Green sheet: HB 93 parental choice tax credit reduces projected general fund revenues by $50 million, staff flag Tax Commission costs
Summary
Legislative budget staff told JFAC the governor’s signing of House Bill 93 reduces projected general fund revenues by $50 million and that the Tax Commission may have additional operating costs related to the credit. Staff said they will adjust fiscal notes and the green sheet in coming days.
Keith Bybee, division manager for budget and policy analysis at the Legislative Services Office, briefed the Joint Finance-Appropriations Committee on the general fund daily update on Feb. 28, citing two immediate changes: the governor’s signature on House Bill 93 (parental choice tax credit) and the resulting $50 million reduction in projected general fund revenues under the legislative column, and an outstanding fiscal note that will increase Tax Commission costs by a reported $125,000 in operating resources.
Bybee explained the HB 93 fiscal impact appears on line 3 of the green sheet…
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