Regional transportation authority.

03LSO-0289.L1

                                                         

FISCAL NOTE (HB0150)

 

 

	FY 2004	FY 2005	FY 2006
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Decrease:
GENERAL FUND	8,700	8,500	8,500
HIGHWAY FUND	6,500	6,500	6,500
LOCAL SOURCES FUND	25,200	25,400	25,400

 

Source of revenue decrease:

 

Exemption of sales & use taxes, motor vehicle registration fees, and property taxes on property owned by regional transportation authorities.

 

Assumptions:

 

1. The above estimates include the decrease in sales & use taxes and motor vehicle registration fees only.

 

2. Estimates for decreases in sales & use tax and motor vehicle registration fees are based on current transportation authority vehicles with the following assumptions:

¨      Approximately 36 vehicles

¨      Average factory price $42,735

¨      Average GVW 26,000 lbs. or less

¨      Average vehicle in 3^rd year of service

¨      5 year estimated life

¨      Average total sales tax rate of 5 percent

 

3. No property (other than vehicles) was identified as being owned by Regional Transportation Authorities. Therefore, no property would be exempt from property tax at this time.

 

 

 

 

Prepared by:   Dean Temte, LSO    Phone:   777-7881

(information provided by Dan Noble/Allen Black, Dept. of Revenue; phone 777-5220/777-5235: Kevin Hibbard, WYDOT; phone 777-4026)