Railroad rolling stock.

13LSO-0513.L1

FISCAL NOTE

	FY 2014	FY 2015	FY 2016
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue (Decrease):
GENERAL FUND	0	0	(536,625)
LOCAL SOURCES FUND	0	0	(475,870)

Source of revenue decrease:

Extension of the exemption for the repairs to railroad rolling stock from July 1, 2015 to July 1, 2020

Assumptions:

The above estimate is based on the FY 2012 reported costs of this exemption and the statewide average sales & use tax distribution of 53 percent to the General Fund and 47 percent to local governments. The total estimated revenue decrease is $1,012,495. This number is not adjusted for inflation as the reported purchases of these services varies a great deal from year to year.

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

(Information provided by Dan Noble, Dept. of Revenue; 777-5220)