Renewable energy equipment-sales tax exemption.

03LSO-0495.L2

FISCAL NOTE (HB0188)

The fiscal impact, in the form of potential revenue decreases, is indeterminable.

Because of the intermittent nature of this type of project and the scope of the projects, we cannot project a fiscal impact on revenues. Projects of this type have generated as much as $2,500,000 in tax revenue for the state. Depending on the size of the project, substantial revenue could be lost on purchases of the equipment.

This exemption is repealed effective June 30, 2008.

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

(Information provided by Dan Noble, Dept. of Revenue; phone 777-5220)