Fiscal Note
SB0064 - Tourism, Recreation, Cultural, and Convention Facilities Tax - Imposition, Distribution, and Expenditure of Revenues
State Impact:
The Tax Commission will require a one-time appropriation of $250,000 in FY 2008 in order to implement the provisions of the bill in the time frame allowed. Funding will be used to reprogram components of the computer system.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| General Fund, One-Time | $0 | $250,000 | $0 | $0 | $0 | $0 |
| Total | $0 | $250,000 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill could shift approximately $11,931,000 from the County to Cities. There is also an amount of $250,000 which will be passed through to an organization which promotes the restaurant industry.
| 1/29/2007, 10:57:37 AM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |