LD 1900 LR 2209(02)
An Act to Establish a Tax Credit for Employers Who Employ Persons Recovering from Substance Use Disorder
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Net Cost (Savings)
General Fund $0 $132,084 $152,673 $162,076
General Fund $0 $132,084 $133,673 $138,326
General Fund $0 $0 ($19,000) ($23,750)
Other Special Revenue Funds $0 $0 ($1,000) ($1,250)
Fiscal Detail and Notes
This bill establishes a tax credit for employers who employ persons recovering from substance use disorder. It will reduce General Fund revenue by $19,100 in fiscal year 2024-25 and $23,750 in fiscal year 2025-26. It will also reduce Local Government Fund revenue by $1,000 in fiscal year 2024-25 and $1,250 in fiscal year 2025-26.

The bill includes ongoing General Fund appropriations to the Department of Administrative and Financial Services, Bureau of Revenue Services of $99,084 in fiscal year 2024-25 and $133,673 in fiscal year 2025-26 for one Tax Examiner position beginning October 1, 2024 to verify applications, issue certificates and validate tax credits claimed. It also includes a one-time appropriation of $33,000 in fiscal year 2024-25 for programming costs to implement changes to income tax returns. 
Any additional costs to the Department of Health and Human Services to implement the provisions of this bill are expected to be minor and can be absorbed within existing budgeted resources.