Fiscal Note
SB0031S02 - Sales and Use Tax - Manufacturing and Industry Exemptions Amendments
State Impact:
Passage of this bill could result in a General Fund loss of $5,995,000 annually. There is a corresponding loss of local revenue of $1,991,000 annually.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2007 Revenue | FY 2008 Revenue |
| General Fund | $0 | $0 | ($5,995,000) | ($5,995,000) |
| Local Revenue | $0 | $0 | ($1,991,000) | ($1,991,000) |
| Total | $0 | $0 | ($7,986,000) | ($7,986,000) |
Individual and Business Impact:
Business impact will vary depending on the specific purchases by impacted industries.
Office of the Legislative Fiscal Analyst
3/1/2006, 11:10:37 AM