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Fiscal Note

HB0126 - Amendments to Sales and Use Tax Exemption for Meals

State Impact:
Passage of this bill could result in a General Fund loss of approximately $32,500 annually. There would also be a potential loss of local revenue of approximately $11,000 annually.

Funding Source FY 02
Approp.
FY 03
Approp.
FY 02
Revenue
FY 03
Revenue
General Fund $0 $0 ($32,500) ($32,500)
Local Revenue $0 $0 ($11,000) ($11,000)
TOTAL

$0


$0


($43,500)


($43,500)

Individual and Business Impact:
Passage of this bill could provide a cost reduction of approximately $139 for those faculty and staff who purchase meal plans.

Office of the Legislative Fiscal Analyst
1/30/2001 4:36:32 PM


Last Revised: 30 August, 2000

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