Sales & use tax-aircraft repair.

06LSO-0308.L3

                                                         

FISCAL NOTE

 

 

FY 2007

FY 2008

FY 2009

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Decrease:

 

 

 

GENERAL FUND

56,957

58,381

59,957

LOCAL SOURCES FUND

45,853

46,999

48,268

 

 

Source of revenue decrease:

 

Sales and use tax exemption on services performed by a full-time mechanic currently licensed or certified by the federal aviation administration.

 

Assumptions:

 

The above estimates are based on FY 2005 sales and use tax distributions for NAICS code 488190 (Other Support Activities for Air Transportation), and projected forward based on January 2006 CREG projections for state sales and use taxes.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Richard A. Reynders, Dept. of Rev.    Phone:   777-7904