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IN HB1129
Bill
Status
1/4/2018
Primary Sponsor
Daniel Leonard
Click for details
AI Summary
House Bill 1129 Summary
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Authorizes municipalities to impose a municipal food and beverage tax by ordinance, capped at 1% of gross retail income from food and beverage transactions.
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Tax does not apply to sales-tax-exempt transactions, consolidated cities, municipalities with existing food and beverage taxes, or municipalities receiving county food and beverage tax revenue.
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Municipal food and beverage tax revenue may be used for property tax reduction, debt service, capital projects, road maintenance, or operating expenses.
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Remonstrance waivers (waiving right to object to annexation) are void unless recorded with the county recorder within 90 business days of execution and expire no later than 15 years after execution.
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Void or expired remonstrance waivers do not invalidate annexations that were effective on or before July 1, 2018; effective date of all provisions is July 1, 2018.
Legislative Description
Uniform tax and annexation waivers. 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. Provides the following with regard to a
Last Action
First reading: referred to Committee on Ways and Means
1/4/2018