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IN HB1368
Bill
Status
1/14/2015
Primary Sponsor
John Price
Click for details
AI Summary
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Authorizes municipal legislative bodies to impose a municipal food and beverage tax by ordinance, with a maximum rate of 1% of gross retail income from food and beverage transactions.
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Tax does not apply to consolidated cities, municipalities already imposing a food and beverage tax, or municipalities receiving county food and beverage tax revenue.
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Tax exemptions match those of the state gross retail tax and apply to food that is only cut, repackaged, or pasteurized, as well as raw animal products requiring consumer cooking.
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Municipal food and beverage tax revenue may be used for property tax reduction, property tax relief, debt service, capital projects, interlocal agreements, or operating revenue.
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Effective July 1, 2015, and establishes a covenant that the General Assembly will not repeal or amend the chapter in any manner adversely affecting tax collection while municipal obligations payable from the tax remain unpaid.
Legislative Description
Uniform municipal food and beverage tax. Authorizes a municipal legislative body to impose by ordinance a municipal food and beverage tax. Provides that the tax may not exceed 1% of the gross retail income received from retail food and beverage transactions. Provides that the tax does not apply to a transaction that is exempt from the sales tax. Provides that the tax does not apply to a consolidated city, a municipality that has imposed a food and beverage tax under current law, or a municipality that is receiving county food and beverage tax revenue.
Last Action
Representative Heaton added as coauthor
1/14/2015