NOTE: As provided in LFC policy, this report is
intended only for use by the standing finance committees of the
legislature. The Legislative Finance Committee does not assume
responsibility for the accuracy of the information in this report when used for
other purposes.
The most recent FIR
version (in HTML & Adobe PDF formats) is available on the Legislative
Website. The Adobe PDF version includes
all attachments, whereas the HTML version does not. Previously issued FIRs and attachments may be
obtained from the LFC in
SPONSOR: |
Hanosh |
DATE TYPED: |
|
HB |
680 |
||
SHORT TITLE: |
Revenue Sharing of Tribal Gaming Revenue |
SB |
|
||||
|
ANALYST: |
Smith |
|||||
REVENUE
Estimated Revenue |
Subsequent Years Impact |
Recurring or
Non-Rec |
Fund Affected |
|
FY03 |
FY04 |
|
|
|
|
(73,400.0) |
|
|
General
Fund |
|
73,400.0 |
|
|
|
|
|
|
|
|
(Parenthesis ( ) Indicate Revenue Decreases)
Responses
Received From
DFA
SUMMARY
Synopsis
of Bill
HB680
proposes to distribute two-percent of tribal revenue sharing payments
(currently due the State’s General Fund) to the county in which the tribal
gaming facility is located. Counties receiving
the distribution are those with populations between 25,500 to 26,000 (2000
Census) and have a net taxable value of less than $200 million (2002 property
tax year). The county must also have two
gaming enterprises located within its boundaries and be subject to the gaming
compact signed by
Significant Issues
The tribal
gaming facilities affected by this legislation are
FISCAL
IMPLICATIONS
Revenue
impacts are based on FY 2002 collections-- the last year for which a full
fiscal year's revenues are available.
Total net win for
SS/njw