HI HB1391

Reduces the state reimbursement deduction from county surcharge on state tax collections from 10 percent to 5 percent of gross proceeds.

The reduced deduction compensates the state for costs of assessment, collection, and disposition of county surcharges on state tax.

County surcharges must continue to be collected by the director of taxation and paid into the state treasury quarterly within ten working days.

Takes effect on July 1, 2013, and automatically repeals on December 31, 2022.