- Introduced -
SJR 46 - This proposed constitutional amendment, if approved by the voters, would authorize the General Assembly to impose replacement taxes for certain existing utility taxes, including: local sales taxes, gross receipts taxes and franchise fees on natural gas and electricity and taxes on real or tangible personal property used directly for the generation, transmission or distribution of electricity.
The tax being replaced shall be terminated upon the effective date of the replacement tax. The replacement tax shall be imposed upon the distributor of electricity or natural gas or the user if not received from a distributor who has paid the tax. The replacement taxes shall be imposed so that the share of tax burden on generally-recognized groups of customers shall be the same as for such groups under the replaced tax during the year 2000. The replacement taxes shall be imposed so as to replace lost revenues for each political subdivision, to the extent practicable.