Fiscal Note
HB0109S03 - Sales and Use Tax - Food and Food Ingredients
State Impact:
Passage of this bill could reduce the General Fund by $35,000,000 in FY 2007 and by $70,000,000 in FY 2008. There is an appropriation to the Tax Commission of $6,000,000 to implement the provisions of the bill.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2007 Revenue | FY 2008 Revenue |
| General Fund | $0 | $0 | ($35,000,000) | ($70,000,000) |
| General Fund, One-Time | $6,000,000 | $0 | $0 | $0 |
| Total | $6,000,000 | $0 | ($35,000,000) | ($70,000,000) |
Individual and Business Impact:
Individuals could see a reduction in food tax purchases of 2 percent.
Office of the Legislative Fiscal Analyst
3/1/2006, 7:48:53 PM