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| SPONSOR: | Stell | DATE TYPED: | 02/04/00 | HB | 319 | ||
| SHORT TITLE: | Agricultural Processing Tax Deduction | SB | |||||
| ANALYST: | Eaton | ||||||
| Subsequent
Years Impact |
Recurring
or Non-Rec |
Fund
Affected | ||
| FY00 | FY01 | |||
| $ (410.0) | Recurring | General Fund | ||
| $ (15.0) | Recurring | County Govt. | ||
(Parenthesis ( ) Indicate Revenue Decreases)
Duplicates SB 287
SOURCES OF INFORMATION
Taxation and Revenue Department (TRD)
SUMMARY
Synopsis of Bill
This bill adds "transporting unprocessed agricultural products for the producer or nonprofit marketing association" to the list of agricultural services allowed a gross receipts deduction. This list includes reaping, harvesting, ginning, etc.
FISCAL IMPLICATIONS
The estimated impact to the general fund in FY01 is $410.0 (recurring). The estimated impact to county government in FY01 is $15.0 (recurring).
ADMINISTRATIVE IMPLICATIONS
Minimal impact on Taxation and Revenue Department.
DUPLICATION
Senate Bill 287
OTHER SUBSTANTIVE ISSUES
The Taxation and Revenue Department report that this bill is in response to an audit and assessment of a for-hire milk hauler. TRD reports that his bill will not affect the outcome of the protest of this issue.
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