Tax exemption-rolling stock.

05LSO-0408.L1

                                                         

FISCAL NOTE

 

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Decrease:
GENERAL FUND	196,861	201,388	206,826
LOCAL SOURCES FUND	174,574	178,590	183,411

 

Source of revenue decrease: sales tax exemption for the repair, assembly, alteration or improvement of railroad rolling stock.

 

Assumptions:

 

The above estimates are based on the average sales tax paid for FY 2004 by licensed repair services, and projected for FY 2006-08 based on the forecasted increases in sales taxes reflected in the October 2004 CREG report.

 

 

 

 

 

 

 

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