FN-A1UWQQ-3 Page 1 FISCAL NOTE House Bill 293 Committee: Ways and Means Education Sponsor: Representative Chip Brown Analyst: Riley Aaron Date: 04/21/2023 House Bill 293 as reported by the Committee on Ports, Waterways, and Intermodal Transitt would decrease income tax receipts to the Education Trust Fund (ETF) by an undetermined amount by modifying the existing port credit to allow for an increased monetary value of the existing credits, if the port user increases their base cargo volume. In addition, this bill would increase the maximum amount of port tax credits that may be issued over the life of the program from $12 million, under current law, to $20 million, as provided by this bill. Pursuant to the provisions of the ETF Rolling Reserve Act contained in Section 29-9-3(b)(3), Code of Alabama 1975, the provisions of this act will reduce the ETF fiscal year appropriation cap for fiscal year 2024 by an undetermined amount.