Fiscal Note

SB0060 - Sports Development and Tourism, Recreation, Cultural, Convention, and Sports Facilities Tax Amendments

State Impact:
Passage of this bill could increase local revenues up to $26,000,000. The Tax Commission would require an appropriation of $153,900 in FY 2005 only from the General Fund Restricted Sales and Use Tax Administration Fee to implement the provisions of the bill.

Funding SourceFY 2005
Approp.		FY 2006
Approp.		FY 2005
Revenue		FY 2006
Revenue
Sales Tax Admin. Fee$153,800$0$0$0
   Total
$153,800
$0
$0
$0

Individual and Business Impact:
Individual impact would depend on the level of goods and services purchased.

Office of the Legislative Fiscal Analyst
2/14/2004, 1:30:46 PM