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SB 1472 -	TPT; distribution; education; use tax

Tracking Level:

Oppose

Sponsor:

Eddie Farnsworth

Last Action:

5/15/2019 - Assigned to House RULES Committee

Senate Committee:

Appropriations

House Committee:

Rules

Assigned To:

Revenue

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Staff Analysis of the Legislation

SB1472- TPT; use tax; education; distribution

Distributes a fixed amount of $300,000,000, instead of $64,100,000, each fiscal year to the Classroom Site Fund.

Distributes a fixed amount of $28,308,000 each fiscal year to the universities' Technology and Research Initiative Fund, in addition to the distribution of 12 percent of monies remaining after distribution to the Classroom Site Fund.

Distributes a fixed amount of $6,227,800 each fiscal year to the community college districts' Workforce Development Account, in addition to the distribution of 3 percent of monies remaining after distribution to the Classroom Site Fund and the universities' Technology and Research Initiative Fund.

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

Summary:	TPT; distribution; education; use tax
Title:	TPT; distribution; education; use tax
Introduction Date:	Tuesday, February 5, 2019