|
State Impact:
Passage of this bill could result in a loss to the General Fund of $221,000 in FY 2002 and a loss of $250,000 in FY 2003. Local revenue losses would be approximately
$70,000 in FY 2002 and $79,000 in FY 2003. The Tax Commission would require an appropriation of $11,600 to implement the provisions of the bill.
| Funding Source |
FY 02
Approp. |
FY 03
Approp. |
FY 02
Revenue |
FY 03
Revenue |
|
General Fund
|
$11,600
|
$0
|
($221,000)
|
($250,000)
|
|
Local Revenue
|
$0
|
$0
|
($70,000)
|
($79,000)
|
| TOTAL |
$11,600
|
$0
|
($291,000)
|
($329,000)
|
Individual and Business Impact:
A taxpayer would receive a $3.20 benefit on a $50 room,
Office of the Legislative Fiscal Analyst
1/19/2001 11:15:14 AM
|
