LD 1335 LR 1747(02)
An Act To Exempt from the Sales Tax Meals Provided at Retirement Facilities
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Taxation
Fiscal Note Required: Yes
Fiscal Note
2009-10 2010-11 Projections 2011-12 Projections 2012-13
Net Cost (Savings)
General Fund $521,400 $507,114 $523,746 $544,868
General Fund ($521,400) ($507,114) ($523,746) ($544,868)
Other Special Revenue Funds ($28,600) ($53,886) ($54,084) ($56,075)
Fiscal Detail and Notes
This bill exempts meals served at a full-service retirement facility from sales tax effective October 1, 2009.  It also provides a retroactive exemption for any sales tax audit assessments not made before April 1, 2009. The ongoing loss of sales tax revenue will cause a General Fund loss of $521,400 in FY 2009-10 and $507,114 in FY 2010-11. The Local Government Fund revenue will be reduced by $28,600 in FY 2009-10 and $29,172 in FY 2010-11. The Tourism Marketing and Promotion Fund, which receives a portion of sales tax revenue on meals, will experience a revenue loss of $24,714 beginning in FY 2010-11.