Fiscal Note
SB0218 - Amendments to Tourism, Recreation, Cultural, and Convention Facilities Tax
State Impact:
Enactment of this bill will not require additional appropriations.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| Total | $0 | $0 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Individuals and businesses that frequent restraunts will experience a decrease in sales tax liability of $16 million in FY 2009 and $33 million in FY 2010. Individuals and businesses that purchase non-food items will experience a sales tax increase of $16 million in FY 2009 and $33 million in FY 2010. Beginning in calendar year 2012, cities and towns within counties of the first class will experience an increase in sales tax distribution, whereas counties of the first class will experience a decrease in sales tax distribution.
| 2/19/2008, 11:59:14 AM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |