Fiscal Note

HB0112 - Transportation Investment Act

State Impact:
Subject to Legislative approval an appropriation in FY 2007 equal to .55% of taxable transactions subject to sales tax will be transferred to the Transportation Investment Fund estimated to be $210,000,000. Subject to Legislative approval in FY 2008 the bill will transfer an on going .71% of the total general state sales tax base to the TIF estimated to be $280,000,000.

Individual and Business Impact:
No additional fiscal impact. Appropriations are through existing tax revenues.

Office of the Legislative Fiscal Analyst
1/23/2006, 10:28:44 AM