Fiscal Note

SB0073 - Sales and Use Tax Exemption Relating to Aircraft

State Impact:
Enactment of this bill will forgo future General Fund revenue of approximately $123,300 in FY 2011 and $246,700 per year beginning in FY 2012.

Individual, Business and/or Local Impact:
Certain businesses will not be required to collect or pay sales tax. Other individuals, businesses, and local governments are unaffected.