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F I S C A L I M P A C T R E P O R T
SPONSOR Smith
ORIGINAL DATE
LAST UPDATED
2/2/07
2/14/07 HB
SHORT TITLE Local Option Senior Services Gross Receipts
SB 518
ANALYST Schardin
REVENUE (dollars in thousands)
Estimated Revenue
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
FY09
*See Narrative
*See Narrative Recurring
County
Governments
(Parenthesis ( ) Indicate Revenue Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Taxation and Revenue Department (TRD)
SUMMARY
Synopsis of Bill
Senate Bill 518 creates a new tax, the county senior citizen services gross receipts tax. Counties
will be allowed to impose the tax for up to six years in 1/16 percent increments of up to ¼
percent. Revenue raised through imposition of this tax will be restricted for use in the
administration and operation of an area agency on aging-approved senior citizen centers that are
contract providers of senior citizen services located in the county.
Imposition of this tax will require approval by the majority of a county’s voters.
The effective date of these provisions will be July 1, 2007.
FISCAL IMPLICATIONS
The fiscal impact of this bill depends on if and when county governments choose to impose a
county senior citizen service gross receipts tax. TRD provided the table below to indicate the
potential revenue increase to each county if an additional 0.25 percent tax were imposed in
FY08.