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Tax credit enactment cuts projected general fund revenue by $50 million, analysts tell JFAC
Summary
Legislative analysts told the Joint Finance-Appropriations Committee that Governor-signed House Bill 93 (parental choice tax credit) reduces projected general fund revenue by $50 million and will create related fiscal note obligations for the Tax Commission.
Keith Bybee, Division Manager for Budget and Policy Analysis at the Legislative Services Office, briefed the Joint Finance-Appropriations Committee on updates to the general-fund daily revenue and the green sheet on Feb. 28. He said the governor's signature on House Bill 93, the parental choice tax credit, produces a $50,000,000 reduction in projected revenues under the legislative column.
"Wit…
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