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FISCAL NOTE
House Bill 204
Committee: Ways and Means Education Sponsor: Represenative David Faulkner
Analyst: Riley Aaron Date: 03/05/2024
House Bill 204 as introduced would decrease potential sales tax receipts to the following funds
by the estimated amounts shown by exempting the Birmingham Host Committee 2025 World
Police and Fire Games from the payment and collection of all state, county, and municipal sales
and use taxes:
Education Trust Fund$60,000
County Funds $15,000
Municipal Funds $60,000
Total $135,000
Further this bill would decreases potential ad valorem tax receipts to the State General Fund, the
Public School Fund, the Veterans' Assistance Fund, county funds and municipal funds by an
undetermined amount dependent upon: (1) the value of the property owned by the Committee
and exempted from tax by this bill; and (2) the applicable state and local millage rates.
Finally, this bill would decrease potential license tax receipts to the State General Fund and
county funds by an undetermined amount dependent upon the amount of license tax exempted
by this bill that would otherwise be paid by the Committee absent this bill.
All exemptions provided in this bill expire on December 31, 2026.