LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 146 HLS 21RS 90
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: June 9, 2021 2:04 PM Author: HILFERTY
Dept./Agy.: Revenue
Subject: Tax Credit Following Stillborn Child Delivery Analyst: Greg Albrecht
TAX CREDITS EN -$726,000 GF RV See Note Page 1 of 1
Establishes an income tax credit following the delivery of a stillborn child
Proposed law provides a $2,000 refundable tax credit to an individual who delivers a defined stillborn child.
Applicable to taxable years beginning on or after January 1, 2022.
EXPENDITURES 2021-22 2022-23 2023-24 2024-25 2025-26 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
REVENUES 2021-22 2022-23 2023-24 2024-25 2025-26 5 -YEAR TOTAL
State Gen. Fd. $0 ($726,000) ($726,000) ($726,000) ($726,000) ($2,904,000)
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 ($726,000) ($726,000) ($726,000) ($726,000) ($2,904,000)
EXPENDITURE EXPLANATION
The Dept of Revenue indicates that the costs to modify and test tax systems to incorporate the additional tax credit provided
by the bill would be approximately $26,000 of staff time.
REVENUE EXPLANATION
According to the Dept of Heath, the number of stillborn deaths in the state has averaged 363 per year over the last three
years. The proposed credit would generate aggregate tax credits of $726,000 per year. Since the credit is refundable, it is
likely that nearly all of the credit exposure would be realized against the state fisc.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Christopher A. Keaton
x 13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Legislative Fiscal Officer