H0664 Summary

• Revises the sales tax revenue distribution formula in Section 63-3638 by replacing the previous 28.2% allocation formulas for cities and counties with new subsections (a) and (b) effective July 1, 2019.

• Allocates 45% of the revenue sharing account to cities based on fiscal year 2018 base amounts, with adjustments for per capita distributions and provisions to protect below-average per capita recipients from disproportionate reductions.

• Allocates 47.3% of the revenue sharing account to counties using the same base year 2018 methodology as cities, including protections for counties with below-average per capita distributions.

• Maintains the 7.7% allocation to special purpose taxing districts and updates references in Section 63-316 regarding cost payments for state tax commission appraisal programs.

• Effective date is July 1, 2019.