TO: | Honorable Steve Ogden, Chair, Senate Committee on Finance |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | SB1602 by Seliger (Relating to the exemption from the sales and use tax for certain agricultural items.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2012 | $212,000 |
2013 | $963,000 |
2014 | $998,000 |
2015 | $1,028,000 |
2016 | $671,000 |
Fiscal Year | Probable Revenue (Loss) from General Revenue Fund 1 |
Probable Revenue (Loss) from Cities |
Probable Revenue (Loss) from Transit Authorities |
Probable Revenue (Loss) from Counties and Special Districts |
---|---|---|---|---|
2012 | $1,081,000 | $211,000 | $66,000 | $37,000 |
2013 | $1,114,000 | $217,000 | $68,000 | $38,000 |
2014 | $1,149,000 | $224,000 | $70,000 | $39,000 |
2015 | $1,179,000 | $230,000 | $72,000 | $40,000 |
2016 | $1,206,000 | $235,000 | $73,000 | $41,000 |
Fiscal Year | Probable (Cost) from General Revenue Fund 1 |
Change in Number of State Employees from FY 2011 |
---|---|---|
2012 | ($869,000) | 2.0 |
2013 | ($151,000) | 2.0 |
2014 | ($151,000) | 2.0 |
2015 | ($151,000) | 2.0 |
2016 | ($535,000) | 2.0 |
The bill's provisions requiring an exemption number when purchasing certain agriculture-related items, and claiming an exemption, would deter some of the improper uses of exemption certificates identified by Comptroller's Office auditors. Data on the sales of items affected by the provisions of this bill were gathered from public and private sources; adjusted to represent the share of those sales not related to agriculture use, but using an exemption certificate; and extrapolated through 2016.
The CPA estimate an administrative cost that would be necessary to hire 2 FTEs and contract for seasonal employees to administer the agricultural exemption program, web development and programming, and security controls.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, KK, SD
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