Sewerage processing and disposal

From the 2024 DOR Tax Exemption Study

82.16.050(13) - Sewerage processing and disposal Description Sewerage collection businesses may deduct income from other sewerage collection businesses. Purpose To ensure that payments for the treatment or disposal of sewage are not taxed. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $10.850 $11.200 $11.590 $11.990 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this deduction would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $10.270 $11.590 $11.990 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - Growth rate mirrors the public utility tax growth rate reflected in the Economic and Revenue Forecast Council's March 2023 forecast. Data Sources - Department of Revenue, Excise tax data - Economic and Revenue Forecast Council, March 2023 forecast Additional Additional Information Information Category: Business Year Enacted: 1987 Primary Beneficiaries: Sewerage collection businesses Taxpayer Count: 27 Program Inconsistency: None evident JLARC Review: