HB0703 - Tennessee - Game And Fish Laws, Taxes, Sales, Wildlife Resources Commission

Companion Bill SB0037. Taxes, Sales - Earmarks sales tax from hunting and fishing equipment for the wildlife resources fund. - Amends TCA Title 67 and Title 70. Fiscal Summary for HB0703 / *SB0037Increase State Revenues - Exceeds $8,910,000/Wildlife Resources Fund Decrease State Revenues - Exceeds $2,586,000/General Fund Exceeds $5,800,000/Education Fund Exceeds $33,000/Department of Revenue Exceeds $82,000/Sinking Fund Increase State Expenditures - $100,000 One-Time Decrease Local Govt. Revenues - Exceeds $409,000 Bill Summary for HB0703 / *SB0037 Under present law, state sales tax revenue is allocated to and earmarked for the general fund, educational purposes, and to local governments. Under this bill, state sales tax revenue realized from the sale of hunting and fishing equipment [...]

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