Committee: Ways and Means EducationSponsor: McMillan
Analyst: Heather PyrlikDate: 03/07/2018

FISCAL NOTE

House Bill 118 as amended and reported by the Committee on Ways and Means Education will decrease potential sales and use tax receipts by exempting the Zoo Foundation, Inc., operating as the Alabama Gulf Coast Zoo, from paying state, county, and municipal sales and use taxes associated with capital expenditures upon authorization of the county commission. Based on information provided by the Zoo Foundation, Inc., this bill will decrease the sales and use tax receipts by the following average estimated amounts annually until September 30, 2022:

Education Trust Fund ($74,000)
State General Fund ($6,000)
County Funds ($60,000)
Municipal Funds ($90,000)
Total ($230,000)

In addition, this bill will increase obligations by a small, undetermined amount to the Alabama Department of Revenue to prescribe a form for the Zoo Foundation, Inc. to annually report exemption information.

This bill extends the current sales and use tax exemption for capital expenditures at the Birmingham Zoo, Inc. that was scheduled to expire in 2019 through September 30, 2022. Based on prior information provided by the Birmingham Zoo, Inc., this provision could decrease the sales and use tax receipts by the following estimated amounts annually for an additional three years:

Education Trust Fund($135,500)
State General Fund($6,500)
County Funds($32,500)
Municipal Funds($130,500)
Total($305,000)


 Bill Poole, Chair
Ways and Means Education