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HB 2158 - TPT; additional rate; education

Tracking Level: Support
Sponsor: Douglas Coleman
Last Action: 3/22/2018 - House Committee of the Whole action: Do Pass Amended
House Committee: Rules
Assigned To:
RevenueNext Bill

Staff Analysis of the Legislation

Refer to SB 1390. This is a mirror bill.    

This bill extends the Proposition 301 tax rate, which expires June 30, 2021. Beginning July 1, 2021, this bill establishes an additional 0.6% Transaction Privilege Tax (TPT). This tax would not be considered local

revenues for the purpose of expenditure limits for school districts. The revenue would be distributed in largely the same manner as Proposition 301 expenditures.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text / PDF