Fiscal Note
SB0238 - Coal Severance Tax
State Impact:
Enactment of this bill increases revenue to the General Fund by $3,000,000 in FY 2010 and $12,000,000 in FY 2011.
| 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 | $12,000,000 | $12,000,000 |
| General Fund, One-Time | $0 | $0 | $0 | $0 | ($9,000,000) | $0 |
| Total | $0 | $0 | $0 | $0 | $3,000,000 | $12,000,000 |
Individual, Business and/or Local Impact:
Coal producers will experience an increase in the tax on coal. Depending upon the ability to pass-through the tax, individuals and other businesses may experience an increase in tax of $12,000,000 annually. Local entities are likely unaffected.
| 2/24/2009, 11:59:47 AM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |