Coal valuation-intercompany/affiliate sales. |
03LSO-0042.C1 |
FISCAL NOTE (HB0008)
|
FY 2005 |
FY 2006 |
|
NON-ADMINISTRATIVE IMPACT |
|
|
|
Anticipated Revenue Increase: |
|
|
|
BUDGET RESERVE ACCOUNT |
230,000 |
450,000 |
450,000 |
GENERAL FUND |
110,000 |
220,000 |
220,000 |
PERM. MINERAL TRUST FUND |
90,000 |
180,000 |
180,000 |
Source of revenue increase: severance tax on coal production
Assumptions:
¨ Production levels remain constant for affected mining operations.
¨ Direct cost ratios remain constant.
¨ Price differentials between comparable contracts and current methods remain constant.
¨ Only long-term contracts are considered as comparable (over 1 year).
Prepared by: Dean Temte, LSO Phone: 777-7881
(information provided by Randy Bolles/Craig Grenvik, Dept of Revenue; phone 777-5237)