FN-YL7T626-1 Page 1 FISCAL NOTE Senate Bill 160 Committee: Finance and Taxation EducationSponsor: Senator Arthur Orr Analyst: Riley Aaron Date: 02/12/2025 Senate Bill 160 as introduced could increase sales and use tax receipts to certain county and municipal governments, beginning in Fiscal Year 2026, by an undetermined amount dependent upon the amount of local sales and use tax that would otherwise have been exempt under current law but would expire on September 1, 2025 absent a local ordinance or resolution approving the exemption and notification of the approval provided to the Department of Revenue pursuant to the provisions of this bill.