Oversight assumes this proposal is enabling legislation and would have no state or local fiscal impact. Local government would have no fiscal impact without voter approval. Officials of the Department of Revenue assume there would be no fiscal impact or administrative impact to their department. Officials of the Department of Social Services stated that it is unknown what impact this legislation would have on the Division of Family Services as the children served may or may not be involved with the agency. Funding for community based services may lead to a decrease in the need for foster care placements.
Officials assume no fiscal impact.
Oversight assumes that the Department of Revenue would not collect the sales tax provided for in Section 67.1775, therefore, there would be no fiscal impact to state funds. Local governments that would adopt the one-quarter cent sales tax would realize some administrative impact in the collection of the sales tax, and would have election costs associated with the approval to levy the sales tax. This Section is permissive. Department of Economic Development officials assume no fiscal impact to their department. MITS would need to be modified to all for the creation of items tax.