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| SPONSOR: | Taylor, J.G | DATE TYPED: | 02/05/01 | HB | 475 | ||
| SHORT TITLE: | Sports Officiating Gross Receipts Exemption | SB | |||||
| ANALYST: | Eaton | ||||||
| Subsequent
Years Impact |
Recurring
or Non-Rec |
Fund
Affected | ||
| FY01 | FY02 | |||
| $ (28.5) | $ (30.5) | Recurring | General Fund | |
| $ (20.0) | $ (22.0) | Recurring | Local Govt. | |
(Parenthesis ( ) Indicate Revenue Decreases)
SOURCES OF INFORMATION
LFC files
Taxation and Revenue Department (TRD) analysis 02/02/00 (HB308 -identical bill).
SUMMARY
Synopsis of Bill
This bill would exempt sports officials from paying gross receipts taxes on their services. Sports officiating at private school or colleges would remain taxable.
FISCAL IMPLICATIONS
The Taxation and Revenue Department (TRD) estimate of February 2, 2000 (House Bill 308 - J.G. Taylor) estimated the combined impact will be $46.0 in fiscal year 2001 (recurring). A 5 percent factor increase was applied to arrive at the FY02 estimate of a combined state and local impact of $48.5.
A more recent Taxation and Revenue Department (TRD) analysis was not available at the time of the writing of this report.
JE/njw