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 SourceFY 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