HB1004 PERMITS SCHOOL DISTRICTS TO IMPOSE SALES AND INCOME TAXES.
Sponsor: Holand, Roy W. (135) Effective Date:00/00/0000
CoSponsor: Davis, D. J. (122) LR Number:1757-01
Last Action: 03/22/1999 - Referred: Education-Elementary and Secondary (H)
HB1004
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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BILL SUMMARIES

INTRODUCED

HB 1004 -- Local Taxes for Education

Co-Sponsors:  Holand, Davis (122)

This bill creates two local tax alternatives for school
districts, an income tax and a sales tax, subject to voter
approval.  Moneys raised by the taxes would not be deducted from
a district's state school aid.  In either alternative, the
school district must specify the purpose of the tax and the
period of time for which the tax will be imposed, not to exceed
3 years.  The income tax is a 5 or 10% surcharge on state
personal income tax.  The sales tax may be up to one cent, in
eighth-cent increments.  The sales tax will be voted on by
school districts within a county and apportioned based on the
number of a district's pupils who reside in the county.  The
bill contains technical provisions for the handling and transfer
of funds and for the conduct of the elections.


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