Retail Sales & Use Tax; revenue distribution to localities based on real estate tax revenue growth. (HB1124)

Introduced By

Del. Ben Cline (R-Amherst)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Sales and use tax revenue; distribution to localities based on real estate tax revenue growth. Distributes sales and use tax revenue generated by a one-half percent sales and use tax among all counties and cities whose total real property tax revenues for the most recently ended fiscal year do not exceed the total real property tax revenues for the immediately preceding fiscal year by a rate that is more than the sum of the rate of the population growth plus the rate of inflation for the immediately preceding year. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2006Prefiled and ordered printed; offered 01/11/06 069668268
01/11/2006Referred to Committee on Appropriations
01/29/2006Fiscal impact statement from TAX (HB1124)
02/15/2006Left in Appropriations