Fiscal Note
HB0203 - Repeal of Sales and Use Tax Exemption Relating to Mining
State Impact:
Enactment of this bill could increase the General Fund by $22,765,000 in FY 2011 and by $23,675,000 in FY 2012.
| Funding Source | FY 2010 Approp. | FY 2011 Approp. | FY 2012 Approp. | FY 2010 Revenue | FY 2011 Revenue | FY 2012 Revenue |
| General Fund | $0 | $0 | $0 | $0 | $22,765,000 | $23,675,000 |
| Total | $0 | $0 | $0 | $0 | $22,765,000 | $23,675,000 |
Individual, Business and/or Local Impact:
Enactment of this bill could increase local revenues by $10,268,000 in FY 2011 and by $10,679,000 in FY 2012. Businesses could see increased costs of $ $33,033,000 in FY 2011 and $34,354,000 in FY 2012. There is no impact anticipated on individuals.
| 1/11/2010, 11:26:58 AM, Lead Analyst: Wilko, A./Attny: RLR | Office of the Legislative Fiscal Analyst |