Fiscal Note
SB0142 - Sales and Use Tax Exemptions and Refund for Certain Business Inputs
State Impact:
Enactment of this bill could result in loss to the General Fund of $7,065,000 in FY 2008 and a loss of $14,130,000 in FY 2009. When fully phased in at the 75 percent level in FY 2010 the loss to the General Fund will be $21,195,000.
| 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 | ($7,065,000) | ($14,130,000) |
| Total | $0 | $0 | $0 | $0 | ($7,065,000) | ($14,130,000) |
Individual, Business and/or Local Impact:
Enactment of this bill could reduce local revenues by $2,752,000 in FY 2008 and by $5,503,000 in FY 2009. When fully phased in at the 75 percent level in FY 2010 the loss will be $8,255,000. Business impact will vary depending on the specific inputs purchased by impacted industries.
| 2/5/2007, 11:13:34 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |