Colorado Legislative Council Staff
STATE and LOCAL
REVISED FISCAL IMPACT
(replaces fiscal impact dated January 19, 1999)
Drafting Number: Prime Sponsor(s): |
LLS 99-0005 Rep. McElhany Sen. Lamborn |
Date: Bill Status: Fiscal Analyst: |
February 10, 1999 House Appropriations Harry Zeid (303 866-4753) |
TITLE: CONCERNING THE ELIMINATION OF THE STATE SALES TAX ON TELEPHONE AND TELEGRAPH SERVICES.
Fiscal Impact Summary |
FY 2001/2002 |
FY 2002/2003 |
State Revenues General Fund |
-$91,090,000 |
-$101,320,000 |
State Expenditures General Fund |
|
|
FTE Position Change |
0.0 FTE |
0.0 FTE |
Other State Impact: TABOR |
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Effective Date: July 1, 2001. |
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Appropriation Summary for FY 1999-2000: None |
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Local Government Impact: Local governments that impose sales tax on telephone and telegraph services may, by ordinance or resolution, exempt the service from the local sales tax. |
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Summary of Legislation
State Appropriations
The fiscal note would imply that no new state appropriations or spending authority are required to implement the provisions of the bill in FY 1999-00.
Departments Contacted
Revenue