Retail Sales & Use Tax; revenue distribution to localities based on real estate tax revenue growth. (HB1124)
Introduced By
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
Date | Action |
---|---|
01/11/2006 | Prefiled and ordered printed; offered 01/11/06 069668268 |
01/11/2006 | Referred to Committee on Appropriations |
01/29/2006 | Fiscal impact statement from TAX (HB1124) |
02/15/2006 | Left in Appropriations |