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This
bill expands the sales tax exemption to include all nonprofit health care
centers. This change will reduce
sales and use tax collections by an estimated $150,431 in fiscal year 2003-04
and $221,222 in fiscal year 2004-05.
The reduction of these tax collections will decrease the amounts
transferred to the Local Government Fund for state-municipal revenue sharing
in those years by $7,822 and $11,504.
The resulting net reduction of General Fund revenue is estimated to be
$142,609 in fiscal year 2003-04 and $209,718 in fiscal year 2004-05, based on
an effective date of October 1, 2003. |
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