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| SPONSOR: | Crook | DATE TYPED: | 02/18/99 | HB | 412 | ||
| SHORT TITLE: | Eliminate Leased Vehicle Surcharge | SB | |||||
| ANALYST: | Eaton | ||||||
| Subsequent
Years Impact |
Recurring
or Non-Rec |
Fund
Affected | ||
| FY99 | FY2000 | |||
| $ (6,184.0) | Recurring | General Fund | ||
(Parenthesis ( ) Indicate Revenue Decreases)
SOURCES OF INFORMATION
Taxation and Revenue Department (TRD)
SUMMARY
Synopsis of Bill
This bill would amend the leased vehicle gross receipts tax act by eliminating the leased vehicle daily surcharge of $2.00.
FISCAL IMPLICATIONS
This bill would decrease state revenues by $6.2 million.
The majority of persons affected by this tax are out-of-state travelers and tourists.
ADMINISTRATIVE IMPLICATIONS
This bill would require reprogramming at the Taxation and Revenue Department (TRD). The estimated cost is $1,600.
TECHNICAL ISSUES
The Taxation and Revenue Department (TRD) recommends amending the language of this bill to provide for continued administration of the surcharge after the date of enactment. The purpose of this would be to track and collect the surcharges receivable to the TRD, up to the date of enactment.
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