Fiscal Note
HB0455S02 - Amendments Relating to Certain Taxes Administered by or License Plates Issued by the State Tax Commission
State Impact:
One-thousand individuals may not be able to purchase special group license plates with enactment of this bill. Due to this provision, restricted revenue may decrease by $25,000. Purchases made by privately owned golf courses for certain expenditures would be exempt from sales tax. This would lead to a decrease in revenue to the General Fund of $260,000 in FY 2009 and $268,000 in FY 2010.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $0 | $0 | $0 | ($260,000) | ($268,000) |
| Restricted Funds | $0 | $0 | ($25,000) | $0 | $0 | ($25,000) |
| Total | $0 | $0 | ($25,000) | $0 | ($260,000) | ($293,000) |
Individual, Business and/or Local Impact:
Privately owned golf courses will benefit by having certain purchases not subject to the state and local sales tax. Individuals that frequent privately owned golf courses may benefit through decreased costs. Locals are likely to experience decreased revenue of $80,000 in FY 2009 and $83,000 in FY 2010. Also, individuals with certain special group license plates will be required to replace these plates.
| 2/28/2008, 4:29:22 PM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |