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IN HB1044
Bill
Status
5/12/2015
Primary Sponsor
Alan Morrison
Click for details
AI Summary
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Establishes a food and beverage excise tax for the town of Rockville, effective July 1, 2015, requiring at least one public hearing before adoption and a maximum tax rate of 1% in 0.25% increments.
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Applies the Rockville tax to food and beverages furnished, prepared, or served for consumption at a merchant's location, including heated foods, mixed ingredients, and items sold with eating utensils, but excludes transactions exempt from state gross retail tax.
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Establishes a separate food and beverage excise tax for Orange County under the same terms and rates, with identical transaction definitions, but includes an additional exemption for historic hotels, riverboats, and related properties in Orange County.
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Requires tax revenue from both jurisdictions to be deposited in separate food and beverage tax receipts funds and used only for property tax reduction (Rockville only), economic development, storm water/sidewalk/street/park/parking improvements for tourism, and public safety.
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Directs the legislative council to assign a study committee to investigate whether a uniform statewide food and beverage tax should be enacted, with a final report due by November 1, 2015.
Legislative Description
Food and beverage taxes. Authorizes the fiscal body of the town of Rockville to adopt a town food and beverage tax. Provides that the tax rate may not exceed 1%. Specifies the purposes for which the Rockville food and beverage tax may be used. Authorizes the fiscal body of Orange County to adopt a food and beverage tax of not more than 1%. Specifies the permissible uses of the tax revenue. Urges the legislative council to assign to a study committee the topic of whether a uniform food and beverage tax should be enacted into law to allow local governments
Last Action
Public Law 254
5/12/2015