| Date Requested:March 23, 2005 Time Requested:03:20 PM |
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| FUND(S) General Revenue Fund | |||
|---|---|---|---|
Sources of Revenue | |||
| General Fund | |||
Legislation creates:
Neither Program nor Fund | |||
Effect this measure will have on costs and revenues of state government.
| The stated purpose of this bill is to provide a sales tax exemption for high technology services by removing the requirement that high technology business must be fulfilling a government contract before the sales tax exemption for high technology service applies.
Due to the broader nature of the proposed exemption, passage of this bill could result in a revenue loss of significance to the General Revenue Fund. Additional administrative costs to the Tax Department would be minimal. |
| Over-all effect |
| Effect of Proposal | Fiscal Year | ||
|---|---|---|---|
| 2005 Increase/Decrease (use"-") |
2006 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) | |
| 1. Estmated Total Cost | 0 | 0 | 0 |
| Personal Services | 0 | 0 | 0 |
| Current Expenses | 0 | 0 | 0 |
| Repairs and Alterations | 0 | 0 | 0 |
| Assets | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| 2. Estimated Total Revenues | 0 | 0 | 0 |
|
3. Explanation of above estimates (including long-range effect):
Due to the broader nature of the proposed exemption, passage of this bill could result in a revenue loss of significance to the General Revenue Fund.
Additional administrative costs to the Tax Department would be minimal. |