Unidentified subject!

[Tom Trail <ttrail@moscow.com>]

Visionaries:   Jim Smith from Deary asked for some more specifics on the
Tax Reform Plan
that Rep. Andersen and I are proposing.   Here are some more details.
>
>Current Sales Tax Collections             $800,000,000
>Loss by reducing to 4%              -         160,000,000
>Gain from Removing Certain
>    Sales Tax Exemptions                        245,447,200
>Gain from removing Certain
>    Income Tax Exemptions                       45,705,000
>
>Net Gain to State Coffers                       $131,152,200
>
>The primary exemptions eliminated would be the investment tax credit,
>trade in value, utility
>sales, transportation services, professional services, and business
>services.  There is approximately
>$920 million in exemptions and credits granted each year.   We would not
>touch the exemption
>for the medical area under professional services recognizing the fact of
>escalating medical costs.
 Approximately 70 percent of exemptions would be left untouched.
>
>I hope this helps.
>
>Rep. Tom Trail
>
>

Dr. Tom Trail
International Trails
1375 Mt. View Rd.
Moscow, Id. 83843
Tel:  (208) 882-6077
Fax:  (208) 882-0896
e mail ttrail@moscow.com