Fiscal Note

SB0056S02 - Military Installation Development Authority Amendments

State Impact:
Enactment of this bill would have no impact of current revenue. However, the bill authorizes a diversion of 50 percent of the sales tax revenue collected in the designated Military Authority zone. This could have an impact on future General Fund revenues once the zone is established.

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals or businesses. Local governments could see a shift in property tax revenue between tax types as a result of the property tax increments established in the bill.