Fiscal Note
HB0206 - Tax Amendments
State Impact:
Enactment of this bill could increase the General Fund by $1,990,000 in FY 2009 and by $2,000,000 in FY 2010. The Tax Commission would require an ongoing appropriation of $50,000 and a one-time appropriation of $26,200 to implement the provisions of the bill.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $25,000 | $25,000 | $0 | $1,990,000 | $2,000,000 |
| General Fund, One-Time | $0 | $13,100 | $0 | $0 | $0 | $0 |
| Restricted Funds | $0 | $38,100 | $25,000 | $0 | $0 | $0 |
| Total | $0 | $76,200 | $50,000 | $0 | $1,990,000 | $2,000,000 |
Individual, Business and/or Local Impact:
Enactment of this bill could increase revenues to local governments by $320,000 annually. Individuals could receive some benefit due to certain sales tax provisions in the bill. However, some individuals could see increased costs as sales tax is collected on remote purchases.
| 2/21/2008, 4:59:14 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |