Bill Summary: Would amend the Child in Crisis and Residential Treatment Agency tax credit programs.

ESTIMATED NET EFFECT ON GENERAL REVENUE FUND
FUND AFFECTED	FY 2008	FY 2009	FY 2010


Total Estimated Net Effect on General Revenue Fund	$0	$0	$0

ESTIMATED NET EFFECT ON OTHER STATE FUNDS
FUND AFFECTED	FY 2008	FY 2009	FY 2010


Total Estimated Net Effect on Other State Funds	$0	$0	$0

ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED	FY 2008	FY 2009	FY 2010


Total Estimated Net Effect on All Federal Funds	$0	$0	$0

ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)
FUND AFFECTED	FY 2008	FY 2009	FY 2010


Total Estimated Net Effect on FTE	0	0	0

☐ Estimated Total Net Effect on All funds expected to exceed $100,000 savings or (cost).

☐ Estimated Net Effect on General Revenue Fund expected to exceed $100,000 (cost).

ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED	FY 2008	FY 2009	FY 2010
Local Government	$0	$0	$0

Officials from the Office of State Courts Administrator, the Department of Economic Development, the Department of Natural Resources, the Department of Revenue, and the

Department of Social Services assume this proposal would have no fiscal impact on their organizations.

Officials from the Office of the Secretary of State (SOS) provided the following information. Many bills considered by the General Assembly include provisions allowing or requiring agencies to submit rules and regulations to implement the act. The SOS is provided with core funding to handle a certain amount of normal activity resulting from each year’s legislative session. The fiscal impact for this fiscal note to SOS for Administrative Rules is less than $2,500. The SOS recognizes that this is a small amount and does not expect that additional funding would be required to meet these costs. However, we also recognize that many such bills may be passed by the General Assembly in a given year and that collectively the costs may be in excess of what our office can sustain with our core budget. Therefore, we reserve the right to request funding for the cost of supporting administrative rules requirements should the need arise based on a review of the finally approved bills signed by the governor.

Officials from the Office of Administration, Division of Budget and Planning assumed that proposed changes to the Residential Treatment Agency tax credit program in a similar proposal (SB 441 LR 1992-01) would have no impact on general and total state revenues.

Officials from the Department of Insurance, Financial Institutions and Professional Registration (DIFP) stated that it is unknown how many insurance companies would choose to participate in the tax credit program in and take advantage of the tax credits. DIFP officials stated they could not estimate how much would be lost in premium tax revenue as a result of tax credits.

Oversight had taken into account the fiscal impact to the DIFP when a fiscal note was completed for a similar proposal in the previous session (SB 614 LR 3603-03, 2006). Oversight notes that this proposal changes the types of eligible contributions to the tax credit program, assumes this proposal would not change the fiscal impact of the 2006 proposal, and will indicate no fiscal impact for the DIFP in this fiscal note.

Oversight assumes the proposal would have no fiscal impact to the state or to local governments.

No direct fiscal impact to small businesses would be expected as a result of this proposal.

This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.