Fiscal Note
SB0211 - Alcoholic Beverage Control Amendments
State Impact:
Enactment of this bill will reduce sales and excise tax from off-premises retail stores by $604,700 consequently reducing General Fund Revenues by the same amount. Sales through the Department of Alcoholic Beverage Control would generate offsetting sales tax increases of $467,400. Additionally, the Department of Alcoholic Beverage Control anticipates an increase in revenue of $2,491,400 which includes profit by the Department of $1,725,600. That profit accrues to the General Fund, for a net increase in General Fund revenue of $1,589,100 per year. The remaining revenue - $765,800 - is transferred to the school lunch program.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $0 | $0 | $0 | $1,589,100 | $1,589,100 |
| Transfers | $0 | $765,800 | $765,800 | $0 | $765,800 | $765,800 |
| Total | $0 | $765,800 | $765,800 | $0 | $2,354,900 | $2,354,900 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals and local governments. Certain businesses may be impacted due to the reduction in inventory they are able to carry.
| 2/14/2008, 11:11:20 AM, Lead Analyst: Schoenfeld, J.D. | Office of the Legislative Fiscal Analyst |