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Tax credit reduces projected revenue by $50 million; JFAC staff updates general fund daily sheet
Summary
Legislative budget staff reported a $50 million revenue reduction tied to House Bill 93 (parental choice tax credit) and flagged a fiscal note that will add to Tax Commission costs; the general fund daily update showed modest movement in agency enhancement totals and tracking of bills including a judicial salary vehicle bill.
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 and a set of bill tracking changes during the Feb. 28 meeting.
Bybee said House Bill 93, the parental choice tax credit recently signed by the governor, reduces projected revenue by $50 million in the legislative column and that the bill’s fiscal note…
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