Sales & use tax-farm implements exemption.

03LSO-0226.C1

                                                         

FISCAL NOTE (HB0091)

 

 

	FY 2004	FY 2005	FY 2006
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Decrease:
GENERAL FUND	1,068,000	1,095,000	1,122,000
LOCAL SOURCES FUND	447,000	458,000	470,000

 

Source of revenue decrease:

 

Exemption of farm implement sales from taxation.

 

Assumptions:

 

Accounted for inflation at 2.5 percent annually.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Dan Noble, Dept. of RevenuePhone:   777-5220