ID S1029

Removes the temporary distribution formula for sales and use taxes collected by marketplace facilitators and out-of-state retailers, making the distribution permanent and consistent with other sales tax revenue effective July 1, 2024.

Redirects sales tax revenue from internet sales that would have gone to the tax relief fund to instead follow the standard distribution formula for all sales and use taxes, including allocations to counties, cities, and special purpose taxing districts.

Establishes that one percent (1%) of sales tax revenue, but not less than $15,000,000 annually, is continuously appropriated to the transportation expansion and congestion mitigation fund.

Clarifies code references in sections 57-811, 63-3638, 40-720, and 40-721 regarding tax distribution and transportation funding.

Creates a temporary distribution period from June 1, 2019 through June 30, 2024 where marketplace facilitator and out-of-state retailer taxes are directed to a tax relief fund, after which they join the standard sales tax distribution system.