Tax on railroads-repeal. |
04LSO-0090.C1 |
FISCAL NOTE (HB0015)
|
FY 2006 |
FY 2007 |
|
NON-ADMINISTRATIVE IMPACT |
|
|
|
Anticipated Revenue Decrease: |
|
|
|
HIGHWAY FUND |
1,500,000 |
1,500,000 |
1,500,000 |
Source of revenue decrease:
Repeal of the excise tax on railroad freight transportation.
Assumptions:
This tax was to be deposited into an account within the Highway Fund to be allocated and expended for railroad grade separation facilities.
It is estimated that this excise tax would have collected an estimated $1.5 million per year.
Prepared by: Dean Temte, LSO Phone: 777-7881
(Information provided by Kevin Hibbard, WYDOT; phone 777-4026)