Fiscal Note
HB0255 - Repeal of Sales and Use Tax Exemption Relating to Mining
State Impact:
Enactment of this bill could increase the General Fund by $29,000,000 annually.
| Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
| General Fund | $0 | $0 | $0 | $0 | $29,000,000 | $29,000,000 |
| Total | $0 | $0 | $0 | $0 | $29,000,000 | $29,000,000 |
Individual, Business and/or Local Impact:
Enactment of this bill could increase local revenues by $12,500,000 annually. Mining companies will experience increased costs of approximately $41,500,000 annually.
| 1/28/2009, 4:33:34 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |