|
State Impact:
Passage of this bill could result in a loss of Uniform School Fund of $2,007,000 in FY 2003. The loss would increase to $4,014,000 in FY 2004 and to $6,691,000 when
fully implemented. The Tax Commission would require an appropriation of $29,400 in FY 2002 to implement the provisions of the bill and an appropriation of $40,000 in FY
2003.
| Funding Source |
FY 02
Approp. |
FY 03
Approp. |
FY 02
Revenue |
FY 03
Revenue |
|
Uniform School Fund
|
$29,400
|
$40,000
|
$0
|
($2,007,000)
|
| TOTAL |
$29,400
|
$40,000
|
$0
|
($2,007,000)
|
Individual and Business Impact:
Passage of this bill will allow certain mining establishments to qualify for a tax break on equipment purchases.
Office of the Legislative Fiscal Analyst
2/12/2001 6:20:44 PM
|
