Sales and use tax distributions.

09LSO-0385.L1

UPDATED FOR JANUARY 2009 CREG

FISCAL NOTE

	FY 2010	FY 2011	FY 2012
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase (Decrease):
GENERAL FUND	(36,333,000)	(36,828,000)	(37,818,000)
LOCAL SOURCES FUND	36,333,000	36,828,000	37,818,000

Source of revenue increase (decrease):

Change in the General Fund distribution percentage of the state 4% sales and use tax from 69% to 64%. This decrease in the General Fund distribution percentage results in an increase in the sales and use tax distributions to cities, towns, and counties.

Assumptions:

The above estimates are based on projected sales and use tax revenues reflected in Table 1 of the January 2009 CREG Revenue forecast.

The above estimate reflects the change in the 1% administrative fee deposited to the General Fund.

This bill is effective July 1, 2009 (FY 2010).

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