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