Sales tax exemption-transit services.

06LSO-0247.L1

FISCAL NOTE

	FY 2007	FY 2008	FY 2009
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Decrease:
GENERAL FUND	12,929	13,265	13,624
LOCAL SOURCES FUND	10,158	10,423	10,704

Source of revenue decrease:

Exemption of sales tax on the intrastate transportation provided by governmental, charitable, or non-profit organizations.

Assumptions:

Sales tax is currently reported by 5 entities meeting this classification.

The above estimates are based on the sales tax reported for FY 2005, projected forward for FY 2006 through 2009 based on projected growth rates reflected in the October 2005 CREG projections.

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