| Committee: Ways and Means Education | Sponsor: Daniels |
| Analyst: Daniel Davenport | Date: 02/22/2021 |
FISCAL NOTE
House Bill 283 as introduced exempts the Alabama School of Fine Arts Foundation, Incorporated, the Alabama High School of Mathematics and Science Foundation, and the Alabama School of Cyber Technology and Engineering Foundation from paying any state, county, and municipal sales and use taxes. Based on historical data, this bill would decrease sales and use tax receipts to the following funds by the following estimated amounts annually for the entities listed:
Alabama School of Fine Arts Foundation:
| Education Trust Fund | $2,240 |
| County Funds | $560 |
| Municipal Funds | $2,240 |
| Total | $5,040 |
Alabama High School of Mathematics and Science Foundation
| Education Trust Fund | $7,600 |
| County Funds | $2,850 |
| Municipal Funds | $9,500 |
| Total | $19,950 |
Further, based on information provided, this bill would decrease sales and use tax receipts to the following funds by the following estimated amounts for the Alabama School of Cyber Technology and Engineering Foundation due to an ongoing capital project:
| Education Trust Fund | $460,000 |
| County Funds | $57,500 |
| Municipal Funds | $517,500 |
| Total | $1,035,000 |
| Bill Poole, Chair Ways and Means Education |