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If all counties were to adopt the provisions of the bill, there could be a potential increase in local revenue of $40,000,000 annually. The Tax Commission will require an appropriation from a restricted Tax Commission account known as the Sales and Use Tax Administration Fee of $124,000 in FY 1999 to implement

 

FY 99 Approp. FY 00 Approp. FY 99 Revenue FY 00 Revenue
Local Revenue $0 $0 $40,000,000 $40,000,000
Sales Tax Admin. Fee $124,000 $0 $0 $0
TOTAL $124,000 $0 $40,000,000 $40,000,000

 

Office of the Legislative Fiscal Analyst

1/24/1998 10:45:59 AM

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