Fiscal Note
SB0027 - Sales and Use Tax Definition of Tangible Personal Property
State Impact:
Enactment of this bill could increase sales tax revenue to the General Fund by $5,183,600 in FY 2011 and $5,331,900 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 | $5,183,600 | $5,331,900 |
| Total | $0 | $0 | $0 | $0 | $5,183,600 | $5,331,900 |
Individual, Business and/or Local Impact:
Individuals and businesses purchasing flooring will now pay sales tax on flooring regardless of the transaction type. Local governments could get an increase in revenue of $2,227,900 in FY 2011 and $2,294,700 in FY 2012.
| 2/9/2010, 9:29:16 AM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |