Motor vehicles sales tax adjustment.

03LSO-0475.L1

FISCAL NOTE (HB0186)

 

 

 

FY 2004

FY 2005

FY 2006

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Decrease:

 

 

 

GENERAL FUND

1,088,000

1,121,000

1,155,000

LOCAL SOURCES FUND

788,000

812,000

836,000

 

Source of revenue decrease:

 

Motor vehicle sales and use taxes

 

Assumptions:

 

An average of approximately 25 percent of revenue collected by county treasurers is due to non-dealer transactions.

 

It is estimated that 20 percent of non-dealer transactions would qualify for the tax adjustment.

 

Estimated impacts are based on a projected 3 percent growth rate.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

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