Loading chat...
IN HB1040
Bill
Status
3/24/2016
Primary Sponsor
Casey Cox
Click for details
AI Summary
HEA 1040 Summary
-
Establishes a county food and beverage tax advisory committee with nine members appointed by county executive, county fiscal body, town fiscal bodies, and city executives to make recommendations on use of food and beverage tax revenues, effective July 1, 2016.
-
Adds construction, renovation, improvement, or repair of county roads as an authorized use of county food and beverage tax revenues collected after June 30, 1994.
-
Changes existing capital improvement uses from mandatory ("shall") to discretionary ("may") for counties, while preserving obligations for funds pledged to existing debts.
-
Prohibits counties from issuing bonds or entering into leases using food and beverage tax revenues after December 31, 2015.
-
Allows municipalities to request the county auditor compile data showing the percentage of supplemental food and beverage tax collected within each municipality and unincorporated territory, with the auditor permitted to charge direct costs for this service.
Legislative Description
Food and beverage tax. Provides that, subject to the duty to pay amounts pledged to the repayment of existing obligations, the existing uses of the Henry County food and beverage tax are optional rather than mandatory. Adds the construction, renovation, improvement, or repair of county roads to the list of capital improvements for which Henry County is authorized to use county food and beverage tax revenues. Removes obsolete provisions concerning the existing county capital improvements committee, which is abolished by current law on January 1, 2016. Establishes a county food and beverage tax advisory committee to make recommendations to the
Last Action
Public Law 194
3/24/2016