Fiscal Note
HB0314 - Amendments to Dedicated Sales and Use Tax Revenue for Transportation
State Impact:
Enactment of this bill would require the Division of Finance to deposit 17% of the revenues collected from taxable sales to the Centennial Highway Fund Restricted Account. The FY 2008 deposit to that account is estimated to be $319,671,4000 which is $163,596,500 above the current allocation.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| General Fund | $0 | $0 | $0 | $0 | ($163,596,500) | ($168,504,400) |
| Total | $0 | $0 | $0 | $0 | ($163,596,500) | ($168,504,400) |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.
| 1/26/2007, 11:28:47 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |