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IN HB1519
Bill
Status
1/17/2019
Primary Sponsor
Philip GiaQuinta
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AI Summary
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Cities, towns, and counties may establish "water infrastructure areas" to capture state sales tax and use tax collected on water utility services within designated geographic boundaries
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Captured tax revenue must be deposited monthly by the state treasurer into a dedicated "waterline services repair fund" that does not revert to the general fund at year-end
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Funds can only be used for repairing or replacing lead water systems that provide public water service
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Units must notify the Department of Revenue by certified mail with a boundary map and complete street address list when establishing a tax area
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Effective date: July 1, 2019
Legislative Description
Capture of sales tax on water. Permits certain units to establish a water infrastructure area (tax area) to capture sales tax within the tax area to be used for repairing or replacing lead water systems used to provide water service to the public. Requires the fiscal officer of the unit to establish a waterline services repair fund in a unit that has established a tax area. Provides that captured sales tax revenue allocated to an account may be used only to repair or replace lead water systems used to provide water service to the public.
Last Action
First reading: referred to Committee on Ways and Means
1/17/2019