TO:	Honorable Dustin Burrows, Chair, House Committee on Ways & Means
FROM:	John McGeady, Assistant Director     Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:	HB2397 by Clardy (relating to a franchise tax credit for certain businesses that make investments in qualified opportunity zones.), Committee Report 1st House, Substituted

The impact on the overall distribution of a state tax or fee burden among individuals and businesses anticipated from the provisions of this bill cannot be determined at this time.