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SPONSOR: |
Maes |
DATE
TYPED: |
|
HB |
|
||
SHORT
TITLE: |
Gaming
Tax Revenue Distributions |
SB |
850 |
||||
|
ANALYST: |
Smith |
|||||
REVENUE
Estimated Revenue |
Subsequent Years Impact |
Recurring or
Non-Rec |
Fund Affected |
|
FY03 |
FY04 |
|
|
|
|
10, 290.0 |
|
Recurring |
Municipalities |
|
(10,290.0) |
|
Recurring |
General Fund |
|
|
|
|
|
(Parenthesis
( ) Indicate Revenue Decreases)
Responses
Received From
LFC
Files
SUMMARY
Synopsis
of Bill
Senate Bill 850 diverts 24.5 percent of the
gaming tax from the general fund to municipalities who have a gaming operator
within its boundaries or within 10 miles.
The revenues will be distributed to the various municipalities in
proportion to their population.
SS/njw