Joint municipal utility authority

From the 2024 DOR Tax Exemption Study

82.04.650 - Financial institution investment conduit or securitization entity income Additional Additional Information Information Category: Business Year Enacted: 2010 Primary Beneficiaries: Real estate lenders and their customers Taxpayer Count: 56 Program Inconsistency: None evident JLARC Review: Expedited review completed in 2017 2024 Tax Exemption Study Page 249 82.04.655 - Joint municipal utility authority Description Payments between or transfers of assets to or from joint municipal utility services authorities and any of its members are exempt from B&O tax. Purpose To reduce costs and improve the benefits, efficiency, and quality of utility services. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions This exemption impacts fewer than three taxpayers; any impacts are confidential. Data Sources Department of Revenue, Excise tax data Additional Additional