FISCAL NOTE

House Bill 283 as amended and reported by the Committee on Ways and Means Education 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 beginning January 1, 2021. 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