House Bill 154 Summary

• Adds new definitions for "per capita distribution" (based on U.S. Census population data) and "revenue sharing account" (the account for quarterly sales tax distributions).

• Revises the 11.5% revenue sharing distribution by replacing previous formulas with new tiered percentages: 45% to cities and 47.3% to counties, with distributions based on per capita calculations and revenue growth thresholds beginning July 1, 2019.

• Establishes baseline amounts from fiscal year 2019 for each city and county, with adjustments based on whether quarterly revenue sharing accounts increase, decrease, or remain unchanged compared to the same quarter of the previous fiscal year.

• Maintains 7.7% distribution to special purpose taxing districts using the prior system based on fourth quarter 1999 payments, with separate consolidation and dissolution provisions.

• Updates code references in Section 63-316 from subsections (10)(c) and (10)(d) to (10)(cb) and (10)(dc) to reflect the revised distribution structure.