Fiscal Note

SB0034 - Amendments to Sales and Use Tax Exemption for Certain Machinery, Equipment, or Parts

State Impact:
Enactment of this bill will increase revenue to the General Fund by $65,000 in FY 2010 and $67,000 in FY 2011.

Funding SourceFY 2009
Approp.
FY 2010
Approp.
FY 2011
Approp.
FY 2009
Revenue
FY 2010
Revenue
FY 2011
Revenue
General Fund$0$0$0$0$65,000$67,000
   Total
$0

$0

$0

$0

$65,000

$67,000

Individual, Business and/or Local Impact:
Certain businesses that purchase equipment exempt from sales tax, but do not use the equipment in the state, will now be required to pay sales tax. These businesses will experience an increase in sales tax of $65,000 in FY 2010 and $67,000 in FY 2011. Local governments will experience increased revenue of $28,000 in FY 2010 and $29,000 in FY 2011. Individuals are unaffacted.

1/24/2009, 12:13:50 PM, Lead Analyst: Young, T.Office of the Legislative Fiscal Analyst