LD 1732 LR 2066(03)
An Act To Amend the Sales Tax Exemption for Nonprofit Housing Development Organizations 
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $0 $1,235,000 $1,235,000 $1,235,000
General Fund $0 ($1,235,000) ($1,235,000) ($1,235,000)
Other Special Revenue Funds $0 ($65,000) ($65,000) ($65,000)
Fiscal Detail and Notes
The bill provides a sales tax exemption to organizations developing housing for low-income people and would result in a reduction in General Fund revenue of $1,235,000 beginning in fiscal year 2022-23 and a reduction in Local Government Fund revenue of $65,000 beginning in fiscal year 2022-23.