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Budget analyst tells JFAC parental choice tax credit reduces FY revenue by $50 million; Tax Commission costs noted
Summary
Keith Bybee, division manager for budget and policy analysis, briefed JFAC on the general fund daily update and said House Bill 93 (parental choice tax credit) reduces revenues by $50 million and generates fiscal‑note costs for the Tax Commission estimated in the low six figures.
Keith Bybee, division manager for budget and policy analysis with the Legislative Services Office, gave JFAC its weekly general fund update on Feb. 28, 2025, and highlighted several changes since the previous report.
Bybee said the legislature’s tracking shows the parental choice tax credit enacted in House Bill 93 reduces projected general fund revenues by $50,000,000.…
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