HB429 Summary

• Authorizes Washington County Commission to levy a 1% sales and use tax on gross sales, with a reduced rate of 0.5% on motor vehicles and trailers required to be registered.

• Authorizes a 1% leasing tax on gross proceeds from leasing or rental of equipment and passenger vehicles.

• Tax collection administered by the state Department of Revenue using the same procedures as state sales and leasing taxes, with a collection charge not exceeding 5% of revenues.

• All tax proceeds deposited into a county special revenue fund for maintenance, repair, replacement, or construction of roads and bridges in Washington County.

• Act becomes operative only upon approval by majority vote in a referendum held in conjunction with the next regularly scheduled general election, with an effective date of September 1, 2017 if approved.