Tax refund to the elderly and disabled.

04LSO-0246.L2

                                                         

FISCAL NOTE (HB0113)

 

This bill contains an appropriation of $2,300,000 from the GENERAL FUND.

 

The above appropriation is expected to be expended with the following non-administrative impact:

	FY 2005	FY 2006	FY 2007
NON-ADMINISTRATIVE IMPACT
Anticipate Expenditure Increase:
GENERAL FUND	2,300,000	0	0

 

 

Source of expenditure increase:

 

1)  Increased tax refunds to the elderly and disabled for both singles and couples.

2)  Expansion of the eligibility requirements for the tax refund to the elderly and disabled.

 

Assumptions:

 

The above estimates are based on current caseload projections, average payments, and historical fluctuations resulting from changes to the eligibility requirements.  In particular, the following are applicable:

• The average payment is projected to increase by about $150; and
• The number of eligible participants is expected to roughly double, from 3,500.

 

 

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:

 

Department of Health

 

 

Prepared by:   Don Richards, LSO           Phone:   777-7881