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ID S1220
Bill
Status
1/29/2018
Primary Sponsor
Local Government and Taxation Committee
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AI Summary
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Amends Idaho Code Section 63-3638 to clarify the sales tax distribution process and make technical corrections to existing law.
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Changes subsection (10) language from "eEleven" to "Eleven and five-tenths percent (11.5%)" for clarity in revenue sharing account distributions to cities and counties.
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Corrects subsection (16) to clarify that one percent (1%) of the balance remaining after required deductions shall be distributed to the transportation expansion and congestion mitigation program established in Section 40-720.
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Removes the phrase requiring distribution to immediately follow subsection (10) payments, streamlining the distribution sequence requirements.
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Corrects references to "foregone" amounts in subsection (10)(d) relating to special purpose taxing district property tax budgets.
Legislative Description
Amends existing law to clarify the distribution process for sales tax revenue and to restrict the expenditure of certain funds by special purpose taxing districts.
SALES TAX
Last Action
Filed in the office of the Secretary of the Senate
3/21/2018