Fiscal Note
SB0029 - Sales and Use Tax Exemption - Telecommunications
State Impact:
Passage of this bill could result in a General Fund loss of $7,200,000 annually. There is a corresponding loss of local revenue of $2,800.000 annually.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2007 Revenue | FY 2008 Revenue |
| General Fund | $0 | $0 | ($7,200,000) | ($7,200,000) |
| Local Revenue | $0 | $0 | ($2,800,000) | ($2,800,000) |
| Total | $0 | $0 | ($10,000,000) | ($10,000,000) |
Individual and Business Impact:
Telecommunications companies would receive a tax reduction. Actual reductions will vary by company.
Office of the Legislative Fiscal Analyst
1/16/2006, 8:03:13 PM