|Date Requested:February 16, 2005
Time Requested:01:59 PM
| FUND(S) |
General Revenue Fund, local governments
Sources of Revenue
|General Fund,Other Fund local property tax|
Legislation creates:A New Program
Effect this measure will have on costs and revenues of state government.
| The stated purpose of this bill is to include boat retailers in the special method of appraising dealer vehicle inventory.
The loss of revenue to the State and local governments cannot be determined. There would be no additional administrative costs.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
The Tax Department does not have sufficient data to estimate the revenue loss to the State and local governments due to passage of this bill. There would be no additional administrative costs associated with this bill.