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ND SB2275
Bill
Status
Introduced
1/21/2013
Primary Sponsor
John Grabinger
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AI Summary
- Creates a county infrastructure enhancement fund and requires the state treasurer to deposit 30 percent of net sales tax collections from Chapter 57-39.2 into the fund
- Allocates funds quarterly among counties in proportion to each county's taxable sales and purchases relative to total state taxable sales for the most recently completed quarter
- Requires county commissioners to certify that allocated funds will be spent only on county infrastructure projects and that counties will provide 20 percent matching funds from their own sources
- Returns any unclaimed, unexpended, or unobligated money in the fund to the state general fund at the end of each fiscal year
- Effective for taxable events occurring after June 30, 2013
Legislative Description
Allocation of a portion of sales tax collections among counties; to provide a continuing appropriation; and to provide an effective date.
Last Action
Withdrawn from further consideration
1/28/2013
Committee Referrals
Finance and Taxation1/21/2013
Full Bill Text
No bill text available