Fiscal Note - SB 0002 - Extends Sales Taxes Authorized for Certain Business Districts
L.R. NO. 1960-01
BILL NO. SB 2
SUBJECT: Taxation and Revenue
TYPE: Original
DATE: September 9, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None $0 $0 $0
Total Estimated
Net Effect on All
State Funds $0 $0 $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None $0 $0 $0
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Local Government Unknown Unknown Unknown
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
FISCAL ANALYSIS
ASSUMPTION
Oversight assumes the proposal would allow additional counties to form
lake-area business districts. Oversight also assumes there would be an
unknown loss of revenues to counties currently collecting taxes from
religious operated facilities.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
0 0 0
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
Income - Counties Unknown Unknown Unknown
Lake Area Business District Taxes
Loss - Counties (Unknown) (Unknown) (Unknown)
Reduced collection due to Religious
exemption
FISCAL IMPACT - Small Business
This proposal is expected to have an impact on small businesses in lake-area
business districts.
DESCRIPTION
This proposal expands the counties eligible to form a lake-area business
district. The proposal exempts property operated by recognized churches or
their affiliates from any tax authorized by this section.
This legislation is not federally mandated, would not duplicate any other
program and would not require additional capital improvements or rental
space.
SOURCES OF INFORMATION
No Responses
This Fiscal Note is not an official copy and should not be quoted or cited.