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IN HB1099
Bill
Status
1/3/2018
Primary Sponsor
Robert Cherry
Click for details
AI Summary
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County fiscal bodies may impose a uniform food and beverage tax of up to 1% (in 0.25% increments) on prepared food and beverages consumed at retail merchant locations, applicable only to counties not already required or authorized to impose such a tax under other laws.
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Revenue must be used exclusively for capital improvements promoting economic development (fairgrounds, convention centers, conference centers), related acquisition and construction costs, and debt service on bonds or leases for these purposes—operating expenses are prohibited.
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Adoption requires three public hearings with public comment, and the county must submit a certified copy of the ordinance to the Department of State Revenue.
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The tax automatically expires on the 10th anniversary of imposition or when rescinded by the county fiscal body, whichever comes first, though rescission is restricted if outstanding bond obligations remain.
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The Department of Local Government Finance cannot reduce a county's property tax levy based on receipt of this food and beverage tax revenue.
Legislative Description
Uniform food and beverage tax. Provides that a county fiscal body may impose a uniform food and beverage tax if the county is not required or authorized to impose a food and beverage tax under any other law (other than the stadium and convention funding food and beverage tax). Specifies that the tax rate may not exceed 1% and must be imposed in increments of 0.25%. Provides that revenue from the tax may be used by the county, after appropriation by the county fiscal body, only for: (1) capital improvements that promote economic development in the county, including fairgrounds, convention
Last Action
Withdrawn
1/8/2018