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House parental choice tax credit reduces FY revenue estimate by $50 million, analyst says
Summary
The Joint Finance‑Appropriations Committee’s green‑sheet update on Feb. 28 reflected a $50 million revenue reduction tied to House Bill 93 (parental choice tax credit) after the governor signed the bill, Legislative Services Office analysts told JFAC.
Keith Bybee, division manager for Budget and Policy Analysis with the Legislative Services Office, told the committee the February update to the general fund daily sheet reflects the governor’s signature on House Bill 93, the parental choice tax credit. Bybee said the committee’s revenue estimate shows a $50,000,000 reduction in the legislative column that affects FY revenue projections.
Bybee explained that the bill’s fiscal note also includes additional Tax Commission resource needs to implement the credit; those implementation costs could be handled in the Tax Commission budget or as a trailer appropriation depending on timing. Separately, he noted agency and insurance cost drivers — including health insurance and CEC (compensation) — continue to be leading upward pressures on total general fund appropriations; the legislature’s current appropriation plan was about $141 million over the FY2025 baseline at the time of the update.
Bybee said he will continue to refine the tracking sheet, remove bills that have not advanced, and update fiscal notes as legislation and agency costs solidify. Representative Manwaring asked whether a $125,000 figure on the sheet related to the Tax Commission; Bybee confirmed that amount represented additional Tax Commission resources tied to HB93 and that the fiscal note was being adjusted.
The analyst urged patience as he completes bill additions and removals from the green sheet; he said a fuller update would be available the following week.
